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holds above key support as momentum indicators hint at stabilizationBitcoin ($BTC), Ethereum (ETH), and $XRP are starting the week on a more stable footing after last week's declines.
$BTC is trading above $64,000 but remains below major moving averages, keeping the broader trend bearish.
Crypto market opens new weekly candle with signs of stability
Bitcoin, Ethereum, and $XRP are showing resilience at the start of the week after experiencing notable declines during the previous trading period.
Bitcoin fell nearly 4% last week, while Ethereum and $XRP dropped approximately 2% and 6%, respectively.
Despite the weakness, all three assets have stabilized, with Bitcoin trading above $64,000, Ethereum holding the critical $1,700 support level, and $XRP consolidating near $1.13.
For Bitcoin, traders are closely watching technical indicators for clues about whether the recent recovery can develop into a broader rebound.
Bitcoin remains below major resistance levels Bitcoin is currently trading around $64,000, but the broader technical outlook remains cautious. $BTC continues to trade below its key moving averages, 50-day EMA: approximately $69,106, 100-day EMA: approximately $72,123, and 200-day EMA: approximately $77,748.
The fact that Bitcoin remains below all three indicators suggests that sellers still maintain control of the broader trend.
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