TRENDING:

XAU/USD

Silver

Bitcoin sees temporary bounce, downside aplenty

BTC bounces off from key support on long term chart.
Still has a lot of room on the downside.

Manoj B Rawal Independent Analyst

Bitcoin, the largest cryptocurrency by market capitalisation manages to bounce off a critical long term support that may give a sigh of relief to the bulls, at the same time giving some more ammunition to the bears to attack the prices again.

BTC/USD is up about 3 percent on day at $3,476, after hitting a low of $3,372 for the day and bounced from $3,211 - just above $3,175, its 200 weeks SMA and a key long term support for now. Once broken, it would mean a lot more downside from here.

Even on the 120-minute chart, it broke down of a triangle earlier this week, which has a price target of about $2,700. Only support of solace from the CMP is 200 weeks SMA, held for now, but not forever.

BTC/USD weekly chart:

BTC/USD 120-minute chart:

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.

Ethereum: Trend Research capitulates, BitMine's Thomas Lee sees a V-shaped recovery

Ethereum had one of its sharpest historic declines over the past 10 days, shedding 40% of its value and briefly sliding below $2,000. The dip also saw ETH move below its realized price, or the average cost basis of investors — an occurrence that has historically accelerated selling pressure as investors cut losses.

Why Bitcoin and top cryptos are falling: Bitwise

The crypto market crash since October isn't down to a single factor but a combination of several, according to Bitwise CIO Matt Hougan. In a note to investors on Friday, Hougan outlined six key factors that potentially contributed to the crash that pushed down nearly every top crypto by more than 50% from prices seen over four months ago.

XRP recovery gains momentum despite retail market decline

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.