Bitcoin tried to reclaim strength this week, with buyers pushing price above the $70K level, but the breakout failed to hold. That kind of rejection at a key psychological level shows sellers are still active and defending the range. The inability to build acceptance above $70K suggests this move was more of a liquidity grab than a true trend reversal. Some analysts are now leaning toward a deeper move, with expectations that BTC could sweep below the $60K lows before forming a proper bottom. On-chain data is also not fully supportive of a bullish case yet.

Glassnode’s Long-Term Holder Realized Loss metric is still elevated, showing that investors who held for over six months are continuing to exit at a loss. Historically, this kind of selling pressure needs to cool off significantly before a base forms, and the current daily average around $200 million is still far from the sub-$25 million levels typically seen near market bottoms.

trying to regain control after a period of weakness. However, the structure is still neutral overall, as the moving averages are flattening out and the RSI is sitting around the midpoint, showing no clear dominance from either side. If BTC can hold above these moving averages and build acceptance, the next logical move is a push toward the $72K resistance. A clean break above that level could open momentum toward the $74.5K to $76K supply zone, where sellers are likely waiting. On the flip side, if this breakout attempt fails and price slips back below the support trendline, the bullish setup gets invalidated quickly. That would likely trigger a move back into the $62.5K to $60K demand zone, where buyers will need to step in again. Ethereum is showing a similar structure, with price reclaiming the moving averages and attempting to build a recovery. This move puts the $2,200 level in focus as the next key resistance. Sellers will likely defend this area, but if ETH manages to break and hold above it, momentum could carry price toward $2,400. For a proper trend reversal and sustained upside, bulls need to flip $2,400 into support, which would then open the path toward $2,800 and eventually $3,050. However, if ETH rejects from $2,200 and drops back below the moving averages, it signals continued consolidation rather than trend reversal. In that case, the range between $1,916 and $2,200 remains in play for the near term. BNB is currently at a decision point after bouncing from the $570 level into the moving averages. This zone is acting as immediate resistance, and sellers are expected to defend it. A rejection here would increase the probability of a breakdown below $570, which could accelerate the move toward the $500 level and continue the broader downtrend. However, if buyers manage to push BNB above the moving averages, it suggests the market is not ready to trend lower just yet.

Instead, price is likely to remain range-bound between $570 and $687. A confirmed breakout above $687 would be the first sign that bulls are regaining control and could shift momentum back to the upside. XRP is showing some relative strength after bouncing from the key $1.27 support, which is clearly being defended by buyers. This level has now become a strong short-term floor. For upside continuation, XRP needs to reclaim and hold above the 50-day moving average around $1.39. If that happens, the next targets come in at $1.61 and then the descending trendline, which has been capping price for some time. However, if XRP fails to hold momentum and drops back below $1.27, it would signal that sellers are still in control. That would likely lead to a move toward $1.11 and potentially a retest of the psychological $1 level.

Traders Outlook:
Right now, the market is sitting at a critical inflection point where structure is neutral but pressure is building for the next big move. For Bitcoin, holding above the moving averages is key, and a breakout above $72K could trigger a strong continuation toward the mid-$70Ks. However, if that level fails again, traders should watch for a liquidity sweep toward the $60K zone before any meaningful bounce. Ethereum is slightly behind BTC but setting up similarly, with $2,200 acting as the trigger level for momentum. A clean break above that could bring in short-term upside, while rejection keeps it stuck in a range. BNB remains weaker compared to BTC and ETH, and unless it reclaims the moving averages, downside risk toward $500 is still on the table. XRP is showing early signs of strength, but it needs to confirm by breaking above $1.39 to build momentum. Across the board, the market is still reacting to levels rather than trending strongly. This means traders should stay flexible and focus on confirmations rather than anticipating moves. Volatility is likely to increase, especially around key resistance and support zones. Fakeouts and liquidity grabs will continue to be common in this environment. The best approach in the near term is to trade the range until a clear breakout with volume confirms the next trend.

Lastly please check out the advancement’s happening in the cryptocurrency world

Enjoy the issue!