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Bitcoin trades at $107,800 after a 5.49% weekly drop. Ethereum slips below $4,000, while XRP is at $2.38 as bearish signals emerge.
Bitcoin (BTC) is hovering around $107,800 on Monday, down 5.49% over the past week, as selling pressure mounts across major cryptocurrencies [1]. Ethereum (ETH) has slipped below the $4,000 mark, and XRP is trading at $2.38, with momentum indicators suggesting potential for further declines for both assets [1].
| At a glance | |
|---|---|
| Bitcoin (BTC) Price | $107,800 [1] |
| Weekly Change | -5.49% [1] |
| Key Level | Below $106,453 support [1] |
| Catalyst | Rejection from 50-day EMA at $113,950 [1] |
Bitcoin's price faced rejection from its 50-day Exponential Moving Average (EMA) at $113,950 on Tuesday, leading to a 7.36% decline by Friday [1]. BTC found support near the 61.8% Fibonacci retracement level at $106,453 on Saturday, recovering 2.22% the following day [1]. As of Monday, BTC is around $108,700 [1].
The Relative Strength Index (RSI) for Bitcoin is at 40 on the daily chart, below the neutral 50 level, indicating increasing bearish momentum [1]. The Moving Average Convergence Divergence (MACD) also showed a bearish crossover on October 11, reinforcing the bearish outlook [1]. If BTC closes below $106,453, it could extend its decline towards the October 10 low of $102,000 [1]. Conversely, a recovery could see it test the previously broken trendline near $110,000 [1].
Ethereum corrected over 4% last week after being rejected from daily resistance at $4,232 [1]. On Monday, ETH is around $3,953 [1]. Similar to Bitcoin, Ethereum's RSI and MACD indicators support a bearish view [1]. If the downward momentum continues, ETH could decline towards the 61.8% Fibonacci retracement level at $3,593, which aligns with the 200-day EMA [1]. A recovery could lead to a retest of the $4,232 daily resistance [1].
XRP's price corrected more than 5% last week after encountering resistance around the lower trendline of a falling wedge pattern [1]. As of Monday, XRP is trading at approximately $2.38 [1]. Its momentum indicators, RSI and MACD, also suggest a bearish outlook [1]. A continued downward trend could push XRP towards the next daily support at $1.96 [1]. If XRP recovers, it could extend towards the 200-day EMA at $2.61 [1].
| Key Support and Resistance Levels | |
|---|---|
| Bitcoin (BTC) | |
| Support | $106,453, $102,000 [1] |
| Resistance | $110,000 [1] |
| Ethereum (ETH) | |
| Support | $3,593 [1] |
| Resistance | $4,232 [1] |
| XRP | |
| Support | $1.96 [1] |
| Resistance | $2.61 [1] |
The current market sentiment for Bitcoin, Ethereum, and XRP appears to be shifting, with technical indicators broadly suggesting a weakening of bullish momentum and potential for further price corrections across these major cryptocurrencies.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Sep 2, 2026 · How we report
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