Bitcoin, Ethereum, and XRP remained under pressure on Friday as the broader cryptocurrency market extended its weekly decline. Bitcoin lost more than 4% this week and traded around $77,150 after briefly dipping below the $77,000 level. Ethereum and XRP fell approximately 2.5% and 5%, respectively.
Despite the pullback, Bitcoin continued to hold above several important exponential moving averages, preserving a constructive medium-term technical structure. The 50-day EMA near $72,869 and the 200-day EMA near $72,935 are tightly clustered below the current price, creating a potential support zone. Below that area, the 100-day EMA at approximately $70,820 provides another technical floor.
Ethereum remains firmly bullish after breaking higher from a prolonged consolidation near $1,900, although it recently faced rejection at a major resistance level. XRP has entered a narrower range as buyers struggle to clear the $1.40 barrier, and a break below its 200-day exponential moving average points to a weakening near-term outlook.
Bitcoin’s Relative Strength Index declined to about 54, showing that momentum has normalized while remaining above the neutral level of 50. However, the Moving Average Convergence Divergence indicator remains deeply negative, suggesting that any recovery may unfold gradually. On the upside, the next significant resistance sits near $85,000. If Bitcoin breaks below the $72,800–$72,900 support zone, the next major horizontal supports could emerge around $66,500 and $62,300.
