The cryptocurrency market continues to show interesting movements as investors search for stability. The main focus is on Bitcoin, attempting to stay above key support levels.
Current Cryptocurrency Prices
Bitcoin is currently priced at $97,125.77. Ethereum is trading at $2,669.98, while XRP recently surged to $2.49, marking a 5.05% gain in the past 24 hours. Other top 10 cryptocurrencies include Solana (SOL) at $206.07, BNB at $616.95, and Dogecoin (DOGE) at $0.2574.
Market Status and Fear Index
The current total cryptocurrency market valuation is $3.19 trillion, showing an increase of 1.58% over the past 24 hours. The Fear and Greed Index stands at 35, indicating market fear. Bitcoin holds a market dominance of 60.42%, followed by Ethereum with 10.09%.
Technical Analysis of Bitcoin
Bitcoin is maintaining support levels between $95,000-$96,000. If a break below occurs, the next support zone is expected between $92,000 and $93,000. Currently, Bitcoin shows no clear momentum, moving sideways with minor fluctuations. This trend is expected to continue for a few more days, with possible clearer movements next week. Short-term resistance is just below $99,000, with major resistance between $101,000 and $103,000, and more significant resistance between $106,000 and $107,000. Despite holding strong above $90,000, many investors remain bearish. Analysts suggest the current situation on Bitcoin's monthly chart feels similar to the 2017 cycle — a significant pump followed by consolidation, possibly gearing up for the next major push.
Despite some concerns among market participants, Bitcoin continues to strengthen, showing potential for further growth. Investors are advised to monitor key support and resistance levels closely.
