The post Bitcoin (BTC) Records Major Volume Reversal, XRP Doesn’t Really Need $2, Did Ethereum (ETH) Forget About $2,000? appeared on BitcoinEthereumNews.com.

XRP might need it Ethereum’s forgotten goal With a notable increase in volume and a robust bounce off the $82,000 support, Bitcoin is displaying early indications of a bullish turnaround. Bitcoin has increased to $84,469 with a 2.34% intraday gain. The price action indicates that there may be building momentum for a wider reversal, but there is still a crucial level that needs to be broken. The increase in trading volume is the most significant signal of the day, not just the price movement.  The volume of Bitcoin has been continuously dropping over the last few days, suggesting waning interest. Nonetheless a noticeable volume spike on the most recent candle indicates fresh buying pressure and perhaps the start of accumulation. Bitcoin is currently facing resistance at the 200-day EMA (black line), a historically significant threshold that frequently indicates whether the cryptocurrency is in a long-term uptrend or a downtrend. The beginning of a new bullish cycle could be signaled by a clean breakout above this level, preferably supported by sustained volume strength.  BTC/USDT Chart by TradingView The RSI’s behavior, which is rising but not yet overbought and is currently trading at 47.3, adds to the optimism. As a result, Bitcoin has plenty of space to rise without experiencing sudden exhaustion. In order to confirm a bullish reversal, Bitcoin must break above the 200 EMA as well as the next important resistance cluster, which is located between $88,000 and $89,000, and is indicated by the 50 and 100 EMAs. If that happens, the road to $95,000 and beyond might become accessible again.  XRP might need it Although a decline below a psychological threshold such as $2 may appear bearish at first, XRP’s recent activity suggests otherwise. The asset swiftly recovered after touching the historically significant 200-day EMA, indicating that a possible…

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Filed under: News - @ April 2, 2025 12:29 am