Bitcoin remains below $90,000 level as liquidations stand at $207.90 million over the past 24 hours.
Bitcoin ETFs saw $32.1 million in net outflows on Thursday, while Ethereum ETFs reported $41.98 million in net outflows.
Crypto chart analyst Ali Martinez identified $87,400 as a key support level for Bitcoin within its current trading channel.
CryptosBatman said Bitcoin’s next downside target sits near $84,000, based on a 1.618 Fibonacci extension from the latest swing high to low. He added that during periods of heightened uncertainty, patience and inaction are often the most prudent strategy.
Ted Pillows noted that Ethereum has weakened after losing its uptrend support and failing to reclaim the $3,000 level. He said a move lower to sweep the $2,800-$2,850 support zone now appears increasingly likely before any renewed upside.
For XRP, CryptosBatman said the asset remains one of the more constructive charts. Zooming out shows XRP consolidating above its 2020 cycle high, which, if maintained, would still signal bullish consolidation rather than a breakdown.
The meme coin sector slipped 1.1% to a total market capitalization of $44.4 billion, broadly tracking overall market weakness.
Ali Martinez added that Dogecoin often respects wedge formations, and a breakout from its current structure could result in a sharp move.
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$BTCBitcoin
$89025.58-0.49%
Overview
$DOGEDogecoin
$0.12490.52%
$ETHEthereum
$2935.90-0.46%
$SHIBShiba Inu
$0.0000080.51%
$SOLSolana
$127.12-0.96%
$XRPRipple
$1.91-0.73%
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