According to Gate news and TapChiBitcoin, due to the escalating geopolitical tensions in the Middle East, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all saw significant falls last week, dropping nearly 5%, 13%, and 7% respectively.
Currently, BTC is approaching the key support level of around 100,000 USD—this critical price area may determine the future trend. If the closing price of BTC falls below this level, the risk of entering a deeper correction phase will significantly increase.
At the same time, ETH and XRP have officially broken through important support levels, indicating that selling pressure remains dominant. Given the current downtrend, ETH may fall back to the $2000 area, while XRP faces the risk of continuing to weaken and dropping to $1.77.
If Bitcoin falls below the support level of 100,000 USD, it may enter a deep correction phase
On Saturday, the price of Bitcoin officially closed below the 50-day Exponential Moving Average (EMA) at $102,942, falling by 1.13%, and hit a low of $98,200 during Sunday trading. As of Monday, the BTC price hovered near the key support level of $100,000 – a critical psychological and technical level.
If the downtrend continues and the BTC daily closing price falls below $100,000, selling pressure may push the price back to test the recent low of $98,200.
The technical indicators currently support a bearish scenario: the daily Relative Strength Index (RSI) is at 38, below neutral levels, indicating a significant weakening of momentum. At the same time, the MACD has just recorded a bearish crossover, with the red histogram expanding below the zero line, reflecting the dominant selling pressure and reinforcing the bearish signal.
However, if buying pressure re-emerges and the support level around 100,000 USD holds, BTC may rebound to the 50-day EMA of 102,942 USD in the short term.
(Source: Trading View)
Ethereum faces further downside risk after breaking below the 50-day moving average
The price of Ethereum has fallen below the support level of the consolidation range at $2461 and closed below the 50-day moving average ($2416) on Friday. This triggered a significant sell-off, causing it to drop 7.65% in just two days. As of Monday when this article was written, the price of ETH hovers around $2241.
If the correction continues, the next important support zone is at $2000 - this may serve as technical support in the short term.
The technical indicators continue to emit negative signals. The daily RSI is currently at 34, approaching the oversold zone - this clearly reflects bearish pressure. At the same time, the MACD indicator has formed a bearish crossover, with the red histogram extending below the zero line, indicating that the bears are in control and the downtrend may not be over yet.
However, in the case of a recovery, ETH may return to the recent resistance zone, which is the 50-day EMA at $2416.
(Source: Trading View)
If XRP falls below the daily support level of $1.96, it may continue to pull back
On June 17, XRP faced strong resistance near $2.21 at the 50-day Exponential Moving Average (EMA), and as of Sunday, the price had pulled back nearly 10%. As of Monday's press time, the price is approaching the key support level of $1.96 on the daily chart. If this support level is breached and the price closes below $1.96, the downward momentum may continue, pushing XRP further down towards the next support area at $1.77.
The RSI indicator is currently at 36, close to the oversold level, indicating that bears have the upper hand in momentum. Meanwhile, the bearish crossover signal on the MACD and the extension of the red histogram below the zero line further strengthen the view that the selling pressure remains strong and that the downtrend is unlikely to stop.
However, in the case of recovery, if XRP regains bullish momentum, the price may rebound to the resistance zone of the 50-day EMA, around $2.21.
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3 Major Crypto Assets Price Predictions: Geopolitical Tensions Escalate, BTC, ETH, XRP Weaken
According to Gate news and TapChiBitcoin, due to the escalating geopolitical tensions in the Middle East, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all saw significant falls last week, dropping nearly 5%, 13%, and 7% respectively.
Currently, BTC is approaching the key support level of around 100,000 USD—this critical price area may determine the future trend. If the closing price of BTC falls below this level, the risk of entering a deeper correction phase will significantly increase.
At the same time, ETH and XRP have officially broken through important support levels, indicating that selling pressure remains dominant. Given the current downtrend, ETH may fall back to the $2000 area, while XRP faces the risk of continuing to weaken and dropping to $1.77.
If Bitcoin falls below the support level of 100,000 USD, it may enter a deep correction phase
On Saturday, the price of Bitcoin officially closed below the 50-day Exponential Moving Average (EMA) at $102,942, falling by 1.13%, and hit a low of $98,200 during Sunday trading. As of Monday, the BTC price hovered near the key support level of $100,000 – a critical psychological and technical level.
If the downtrend continues and the BTC daily closing price falls below $100,000, selling pressure may push the price back to test the recent low of $98,200.
The technical indicators currently support a bearish scenario: the daily Relative Strength Index (RSI) is at 38, below neutral levels, indicating a significant weakening of momentum. At the same time, the MACD has just recorded a bearish crossover, with the red histogram expanding below the zero line, reflecting the dominant selling pressure and reinforcing the bearish signal.
However, if buying pressure re-emerges and the support level around 100,000 USD holds, BTC may rebound to the 50-day EMA of 102,942 USD in the short term.
(Source: Trading View)
Ethereum faces further downside risk after breaking below the 50-day moving average
The price of Ethereum has fallen below the support level of the consolidation range at $2461 and closed below the 50-day moving average ($2416) on Friday. This triggered a significant sell-off, causing it to drop 7.65% in just two days. As of Monday when this article was written, the price of ETH hovers around $2241.
If the correction continues, the next important support zone is at $2000 - this may serve as technical support in the short term.
The technical indicators continue to emit negative signals. The daily RSI is currently at 34, approaching the oversold zone - this clearly reflects bearish pressure. At the same time, the MACD indicator has formed a bearish crossover, with the red histogram extending below the zero line, indicating that the bears are in control and the downtrend may not be over yet.
However, in the case of a recovery, ETH may return to the recent resistance zone, which is the 50-day EMA at $2416.
(Source: Trading View)
If XRP falls below the daily support level of $1.96, it may continue to pull back
On June 17, XRP faced strong resistance near $2.21 at the 50-day Exponential Moving Average (EMA), and as of Sunday, the price had pulled back nearly 10%. As of Monday's press time, the price is approaching the key support level of $1.96 on the daily chart. If this support level is breached and the price closes below $1.96, the downward momentum may continue, pushing XRP further down towards the next support area at $1.77.
The RSI indicator is currently at 36, close to the oversold level, indicating that bears have the upper hand in momentum. Meanwhile, the bearish crossover signal on the MACD and the extension of the red histogram below the zero line further strengthen the view that the selling pressure remains strong and that the downtrend is unlikely to stop.
However, in the case of recovery, if XRP regains bullish momentum, the price may rebound to the resistance zone of the 50-day EMA, around $2.21.
(Source: Trading View)