BTC Technical Breakdown Raises Risk; Altcoins Show Firmer Setup
Bitcoin (BTC) dropped through its 100-day simple moving average at $109,172, signaling a potential shift toward bearish momentum. The move below both the SMA and Ichimoku cloud mirrors February’s setup, which foreshadowed a sharper correction. Bears now eye $105,390 and $100,928 as support levels, while bulls must reclaim $117,416 to negate the bearish bias.
Meanwhile, XRP trades above its SMA but faces indecision inside the Ichimoku cloud. Ether and Solana look healthier, both maintaining strong technical footing above their 100-day averages and cloud support. The divergence suggests ETH and SOL could take leadership in any risk-on rebound.
