Crypto Market Reawakens: Bitcoin Targets Breakout

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are regaining bullish traction mid-week as buyers re-enter the digital asset market. BTC is approaching a major resistance level that could pave the way for a fresh breakout, ETH has reclaimed an important trendline after a strong surge, and XRP is stabilizing above key support, a combination suggesting potential upside in the days ahead.

Bitcoin Eyes a Push Toward $100,000 as Buyers Test Key Resistance

Bitcoin price strengthened after a modest weekend recovery, climbing 2.34% so far this week. BTC retested the 61.8% Fibonacci retracement level at $94,253, measured from the April low of $74,508 to the October all-time high of $126,199. As of Wednesday, the leading cryptocurrency trades near $92,000, hovering just below this critical barrier.

A decisive daily close above $94,253 could fuel a continuation rally, opening the path toward the next psychological milestone at $100,000.

Momentum indicators align with this bullish setup:

  • The RSI sits at 49, close to neutral territory, indicating weakening bearish pressure. A move above 50 would confirm renewed buyer strength.
  • The MACD remains in bullish crossover territory, signaling ongoing positive momentum.

If BTC fails to clear resistance and sellers take control, the price may revisit the next major support at $85,569, which marks the 78.6% Fibonacci retracement level.

Ethereum Breaks Its Downtrend and Aims for Higher Levels

Ethereum is seeing a strong resurgence after closing above its descending trendline, a structure connecting several lower highs since October 7. The breakout triggered a 6.21% surge, and as of Wednesday, ETH trades around the 50-day EMA at $3,315.

A daily close above this moving average could accelerate gains toward the next resistance zone near $3,592.

Market momentum appears supportive:

  • The RSI at 57 firmly positions ETH in bullish territory.
  • The MACD’s recent bullish crossover continues to hold, reinforcing the potential for further upside.

However, if ETH loses steam and pulls back, the next strong support sits around $3,017.

XRP Holds Steady Above Support as Bulls Attempt to Regain Ground

XRP has been trading constructively after finding support at $1.96, gaining 3.66% in the following sessions. The token is currently hovering near $2.08 and showing signs of stabilization.

If XRP sustains its upward rhythm, it may attempt a move toward the next resistance level at $2.35.

On the momentum front:

  • The RSI at 45 signals diminishing bearish pressure but needs to cross the 50 mark to confirm a bullish continuation.
  • Meanwhile, the MACD maintains a bullish crossover, supporting the likelihood of upward movement.

Should sellers regain momentum, XRP may revisit its crucial support zone at $1.96.

Market Sentiment Turns Upward, but Breakouts Must Hold

Bitcoin, Ethereum, and XRP are all showing early signs of a bullish resurgence as key resistance and support levels come into play. BTC’s performance around $94,253, ETH’s hold above the 50-day EMA, and XRP’s stability at $2.08 will determine whether this recovery extends or if another consolidation phase emerges.