Resisting line targeting intensifies... Bitcoin ignites the engine to reach $100,000

The virtual asset market, having overcome the downturn, is preparing for a new leap. Led by Bitcoin(BTC), which defended a strong psychological support last week, Ethereum(ETH) and Ripple(XRP) are also showing technical recovery signs and aiming for the next upward phase. Market participants are focusing on each asset’s ‘critical’ resistance levels.

Bitcoin, ‘Correction Complete’ Signal Ignited… $100,000 is Only a Matter of Time?

Currently, Bitcoin is trading around $87,340, having recovered approximately 5% last week. After successfully defending the psychological support in the $80,000 range, the market has entered a rebalancing phase.

From a technical perspective, the situation looks positive. The daily RSI is recovering toward the neutral zone(50), and signals indicate that the MACD golden cross has formed, suggesting that buying momentum is consolidating. This is interpreted not just as a technical rebound but as evidence that ‘the major upward trend has resumed after a temporary correction.’

However, caution is advised. If buying pressure weakens, defending the $85,000 level will likely serve as the ‘last line of defense’ that determines the short-term trend. While there is optimism that the $100,000 breakout could happen soon, failure to hold this level could also lead to a resumption of decline.

Ethereum, Starting the ‘Main Game’ After Reclaiming $3,000

Ethereum is currently moving around $2,940 and showing important recovery signals technically. After precisely bouncing off the Fibonacci 61.8% retracement level at $2,749, it is now in a fierce battle to recover the $3,000 mark.

This is a critical point. The key is whether it can close above and settle beyond the resistance at $3,017. If successful, the range up to $3,500 becomes a ‘technically open zone,’ paving the way for further gains. Both RSI and MACD indicate a calming of the downward momentum, suggesting that the bottom formation is nearing completion.

A reverse scenario should also be prepared. If resistance holds, $2,749 will serve as the final support, and if that is lost, further correction should be anticipated.

Ripple, Showed Strong Rebound… $2.35 ‘TUIST’

Ripple(XRP) recently recorded a sharp rebound of over 14% from the lower end of its downward channel. Currently, it is gathering strength around $2.20(consolidation).

The reason this level is important is that $2.35 is not just a simple daily resistance level. It coincides exactly with the 50-day exponential moving average(EMA) at $2.36, forming a ‘strong resistance zone(confluence zone)’ where technical indicators and moving averages meet. If this level cannot be broken, the current recovery will be merely a ‘technical rebound.’

Supporting indicators like MACD are giving positive signals. However, if the price is pushed back from this resistance and the support at $1.96 is lost, the current sideways movement could be re-evaluated as a ‘rest area for future decline.’ In other words, crossing this point is essential to consider a trend reversal.