Bitcoin's price action remained range-bound around $70,778, facing resistance near $73,000 over the weekend. The rejection was partly attributed to geopolitical tensions, including an announcement by President Trump regarding a blockade of the Strait of Hormuz. Immediate support for BTC is seen at $70,540, with analysts noting that a sustainable move above $76,000 could open a path toward $84,000 and potentially $90,000, contingent on easing geopolitical and economic pressures.
Ethereum is showing the strongest bullish signals among the major assets analyzed. Technical and on-chain data indicate improving structure and demand, with ETH finding support at its 20-day Exponential Moving Average (EMA) near $2,154. A break above the $2,386 resistance level could propel ETH toward $2,800, signaling a stronger recovery phase compared to its peers.
In contrast, XRP displayed the weakest momentum, remaining stuck between $1.27 and its 50-day Simple Moving Average (SMA) at $1.37. Analysts highlight a risk of further decline to $1.11 if the $1.27 support level fails. The broader market sentiment remains fragile and heavily macro-driven, with factors like oil prices, the US Dollar Index (DXY), and inflation expectations playing key roles.
Market analysts provided cautious outlooks. Coin Bureau founder Nic Puckrin stated that for BTC to reach $90,000, geopolitical tensions must end and economic data must soften to alleviate stagflation fears. CoinEx chief analyst Jeff Ko emphasized the market's short-term fragility but expressed medium-term confidence, not expecting oil prices to remain elevated based on supply-demand fundamentals.
