![BTC/USD - Strategic sell idea [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Digital Currencies/Bitcoin/Bitcoin_Book_XtraLarge.jpg)
Due to strong rejection of 104K and bearish momentum divergence, I see potential for the further drop.
Author
Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
Ripple (XRP) is consolidating above $1.90, a short-term support level, at the time of writing on Thursday. This mild uptick marks two consecutive days of a strengthening technical outlook, following recent market-wide volatility.
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Bitcoin is extending its modest gains for the second consecutive day, trading above $90,000 at the time of writing on Thursday. Altcoins, including Ethereum and Ripple, are attempting to stabilize after days of persistent selling pressure.
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Bitcoin (BTC) price holds above $95,500 at the time of writing on Friday after rallying more than so far 5% this week. The rising institutional and corporate demand supports the bullish price action in BTC.