The post Bitcoin Nears ATH as Ethereum and XRP Hold Strong appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) has been predicted to break away from the current market trend to hit a new all-time high; failure to move could see the asset decline to $100k.  Ethereum (ETH) and XRP are also expected to stage a rebound after stabilising above crucial support levels.  Bitcoin (BTC), Ethereum (ETH), and XRP are currently hovering above key support levels as uncertainties rise among investors. According to our market data, the total crypto market cap has declined to $3.35 trillion from the $3.39 trillion highlighted in our earlier post. However, technical charts and market indicators show mixed sentiment, with analysts anticipating a possible rebound. Bitcoin (BTC) Price Analysis Bitcoin has managed to print gains across all the trading sessions, rising by 1.2% in the last 24 hours, 2.3% in the last seven days, 21% in the last 30 days, and 9% in the last 90 days. According to market data, Bitcoin is currently trading at $106k. While this appears to be a marginal surge from its daily low of $104k, it also marks a similar decline from the daily high of $108k. Looking at Bitcoin’s Relative Strength Index (BTC), we found a reading of 71, above the overbought territory of 70. While this represents a bullish momentum, it also indicates that there could be a pullback. Above all, indecisiveness is growing among traders as the Moving Average Convergence Divergence (MACD) coils together. As indicated in our recent analysis, Bitcoin could make a huge surge to a new all-time high price if it breaches the $108k level. Failure to do so could force a decline to the $100k level. Ethereum (ETH) Price Analysis Ethereum (ETH) is attempting a rebound after declining by 2.6% in the last seven days. Currently, the asset trades at $2.5k, with a market cap of $305 billion. With…

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Filed under: News - @ May 22, 2025 9:27 am