Topic
Bitcoin, Ethereum, and XRP face a fourth consecutive week of declines as Bitcoin tests critical technical support levels near its 200-day exponential moving average and shows persistent selling momentum.
Bitcoin trades near $81,800, successfully defending its 50-day exponential moving average while showing weak recovery momentum and facing overhead resistance near $85,000 following a market correction.
Bitcoin stabilized near $82,800 on Wednesday as fading sell pressure maintained constructive technical indicators, with crucial support holding above the 50-day and 200-day EMAs while eyeing a resistance target of $89,337.
