S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
- Bitcoin extends gains on Monday after taking a breather in the previous week.
- Ethereum approaches the 200-day EMA, a decisive close above this level could open the door for an upside move.
- XRP hovers near the $1.40 resistance zone, a breakout above this barrier may trigger a fresh rally.
Bitcoin (BTC) pushes higher on Monday, trading above $80,000 and resuming its uptrend after a brief consolidation phase last week. Ethereum (ETH) and Ripple (XRP) follow BTC’s footsteps and extend gains at the start of the week, nearing their key resistance zones, where a breakout suggests a fresh rally ahead.
Bitcoin hits $80,000
Bitcoin price is trading at $80,161 on Monday, retaining a constructive bias as it holds above a dense support band defined by the 50% retracement at $78,962 (drawn from the January high to the February low) and the 100-day Exponential Moving Average (EMA) near $75,903. The shorter-term 50-day EMA around $74,448 reinforces the underlying uptrend.
Momentum remains firm, as the Relative Strength Index (RSI) on the daily chart hovers in bullish territory near 66, and the Moving Average Convergence Divergence (MACD) has turned higher and returned to positive territory, hinting that buyers still control the near-term tone despite the proximity to major overhead barriers.
On the topside, initial resistance emerges at the 200-day EMA around $81,912, followed by the 61.8% Fibonacci retracement at $83,437 and a more prominent horizontal cap near $84,410; a daily close above this cluster would open the way toward the January highs around $97,924.
On the downside, immediate support is seen at the psychological $80,000 handle, with the 50% retracement at $78,962 as the first substantive floor; a deeper pullback would expose a broader demand area between the 100-day EMA at $75,903, the prior channel top near $75,680, where buyers would be expected to re-emerge while the broader bullish structure remains intact.
Ethereum could extend gains if it closes above the 50-day EMA
Ethereum is trading at $2,370 on Monday, maintaining a constructive near-term bias as price holds above the 50-day and 100-day EMA at roughly $2,256 and $2,344, respectively. ETH, however, is approaching a dense Fibonacci barrier, with the 38.2% retracement at $2,380 capping the immediate topside, while higher retracements and the 200-day EMA, clustered around $2,575, reinforce broader overhead supply.
A rising RSI on the daily chart near 58 suggests firm but not overstretched bullish momentum, while the negative yet improving MACD histogram hints that downside pressure is fading within this developing up-leg.
On the upside, initial resistance is located at the 38.2% Fibonacci retracement at $2,380, beyond which the $2,575 area forms a critical confluence zone, combining the 50% retracement at $2,575 with the 200-day EMA at $2,575; a daily close above this cluster would open the way toward the 61.8% Fibonacci retracement at $2,770.
On the downside, immediate support emerges at the 100-day EMA at $2,344, followed by the 50-day EMA at $2,256, while the upper boundary of the horizontal parallel channel around $2,148 and the 23.6% retracement at $2,138 guard the broader bullish structure, with only a drop toward the channel floor near $1,747 threatening the medium-term uptrend.
XRP is near key resistance at $1.40
XRP price is trading at $1.41 on Monday, is hovering just above the 50-day EMA at $1.40, which lends initial trend support, but it remains well below the 100-day EMA at 1.50 and the broader downward parallel channel cap near $1.54, keeping the medium-term tone capped within a broader corrective structure.
The RSI at 53 suggests mildly positive but not overstretched momentum, while the MACD has slipped slightly into negative territory, hinting that upside traction may be fading as price consolidates under higher EMAs.
On the topside, immediate resistance is located at the 100-day EMA around $1.50, followed by the upper boundary of the descending channel near $1.55; a sustained break above these would be needed to challenge the 200-day EMA at $1.74 and the more distant horizontal barrier at $1.90.
On the downside, the 50-day EMA at $1.40 underpins the market as first support, ahead of the horizontal floor at $1.30, while the channel base down at $0.73 marks the broader structural support zone in the event of a deeper pullback.
