With $70,000 and $60,000 at nearly equal distances from the current price, Bitcoin is approaching another crucial turning point at $65,000. Even though the overall trend of Bitcoin is still negative, the technical structure lends a small advantage to the short-term upside scenario.
Bitcoin is back at corrective threshold
After rising from the lower boundary of its July-August consolidation, Bitcoin is currently trading at about $64,843. BTC is now above both short-term moving averages, which are at about $63,900, thanks to the most recent move. As a result, buyers regain immediate momentum.
The RSI confirms the progress. The indicator has risen to about 56.6, clearly above the neutral 50 level, although it is still far from overbought. This shows that Bitcoin can continue its current trend without running out of momentum. Around $66,300 is where the issue starts. This intermediate moving average is the first significant barrier and has been declining toward the price for months.
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Since June, Bitcoin has consistently failed to rise above the $66,000–$67,000 range. $70,000 becomes much more feasible if Bitcoin breaks through that barrier. Between $66,300 and the long-term moving average at $71,450, there is not much known resistance. As a result, a breakout might quicken and approach the psychological $70,000 mark. In the bearish scenario, Bitcoin must lose its recently regained short-term support.
The market would return to its recent range if it reversed below $63,800, with $62,000 serving as the next significant level. $60,000 could then be rapidly tested, especially if selling volume increases.
Caution is still favored by the general trend. Both significant longer-term averages are still below Bitcoin’s price, and the $71,450 average is still declining. A complete bullish structure would not be restored even if it reached $70,000.
XRP’s long-term battle
After weeks of relentless selling forced the asset back toward one of its most psychologically significant price points, XRP is battling to maintain the $1 threshold. After briefly dropping below $1, XRP is currently trading at $1.018, and the most recent daily candle indicates that buyers are trying to regain control.
In the short term, the rebound is positive. XRP reached about $0.996 before rising above $1.01, and the RSI increased from much lower levels to about 43. This implies that there is now some demand for purchases related to psychological support. But the overall technical framework is still negative.
The price of XRP is still below all significant moving averages. Another moving average is located close to $1.074, and the nearest resistance is located around $1.038. Right above the current price, these levels form a comparatively dense resistance cluster. The short-term picture would be improved by a recovery above $1.04, but before the current bounce can turn into a more plausible reversal, XRP probably needs to reclaim $1.07–$1.10.
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There is still much greater resistance further up. The long-term average is close to $1.342, while the intermediate moving average is approximately $1.153. Both are still trending downward, which is consistent with the extent of XRP’s 2026 decline. As of right now, $1 remains the crucial defensive level.
As long as buyers continue to generate daily closes above the threshold, repeated intraday moves below it are not necessarily disastrous. However, a clear close below $1 would indicate that this support is failing. If selling pressure increases, such a breakdown could expose XRP to $0.95 and then the $0.90 region.
With the RSI recovering from near-oversold conditions, the most recent bounce gives XRP some breathing room. However, defending $1 on its own will not stop the trend. In order to move above $1.04 and ultimately $1.07, buyers must now build on that defense.
Shiba Inu backs down
According to the most recent data, Shiba Inu’s exchange flows have significantly decreased, and the large multibillion-SHIB movements that once dominated the market are no longer present.
The change occurs as SHIB continues to struggle near $0.0000045 and remains unable to sustain a long-term recovery. Average exchange flows show the most noticeable change. At about 859.8 million SHIB, the seven-day moving average of exchange inflows is currently below the 1 billion mark.
Average outflows have decreased by 6.1 percent in the last 24 hours and are even smaller, at about 467.1 million SHIB. Compared to earlier periods when billion-token transfers frequently appeared in SHIB’s exchange metrics, this indicates a far calmer environment. The loss of billion-scale average flows, however, does not necessarily indicate a bull market.
The total exchange netflow is positive at 112.13 billion SHIB, and inflows continue to outpace outflows. Additionally, exchange reserves have grown by 0.13 percent to roughly 87.38 trillion SHIB.
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Despite the slowdown in individual flow intensity, these numbers collectively imply that the available exchange supply is not decreasing. This lack of conviction is reflected in the price chart.
Near its short-term moving averages at $0.00000448–$0.00000455, SHIB is trading at $0.00000447. The RSI is likewise neutral to weak at around 46. The first significant obstacle is located at $0.00000488. Before the current consolidation can turn into a significant recovery, SHIB must reclaim this level. The long-term moving average around $0.00000575 continues to be a much bigger barrier above it.
