- Digital Currencies Today: Bitcoin Tests Its Breakthrough Strength as the Support Level Holds at $75,000:

Bitcoin is currently trading at $75,286, maintaining a positive upward trend, as it is above the 100-day exponential moving average at $75,277 and above the 50-day exponential moving average at $71,468. This situation indicates that the recent upswing is supported by strong demand.

Momentum is in line with the bullish tone, as the moving average convergence divergence (MACD) chart is positive and rising on the daily chart, and the relative strength index (RSI) hovers near 64, indicating strong buying pressure without a clear overbought signal.

Daily chart of the BTC/USDT pair

On the bullish side, the weekly high at $76,370 points to immediate resistance. A sustained breakout above this level is needed to pave the way toward the 200-day exponential moving average at $82,918. On the downside, initial support is seen at the 100-day exponential moving average around $75,277, where a daily close below this level would signal a loss of enthusiasm in the short term, and the 50-day exponential moving average near $71,468 would act as the next major bottom for the current uptrend.

Ethereum is currently trading at $2,353, surpassing its 50-day exponential moving average at $2,196. However, the rise in the smart contract token’s value is capped below the 100-day exponential moving average at $2,356 and the 200-day exponential moving average at $2,654. This suggests a neutral trend with a slight tilt toward optimism, as the price has regained short-term trend support, while the overall bearish trend remains intact.

In addition, the relative strength index hovers around 62 on the daily chart, indicating positive momentum but not in the overbought zone, while the MACD remains in positive territory with a steady chart, suggesting that buyers retain an advantage as long as the price stays above the 50-day exponential moving average.

Daily chart of the ETH/USDT pair

On the bullish side, immediate resistance appears at the 100-day exponential moving average at $2,356, the first level that bullish speculators need to break above to continue the rebound, before the more important 200-day exponential moving average barrier at around $2,654. On the bearish side, initial support is located at the 50-day exponential moving average at around $2,196. A daily close below this level would weaken the current recovery structure and reveal a deeper pullback, while continued consolidation above it keeps the door open for a retest of the 100-day exponential moving average.

Meanwhile, XRP is trading at $1.44, keeping stable above the 50-day exponential moving average at $1.41. However, its rise is still limited below the 100-day exponential moving average at $1.55 and the 200-day exponential moving average at $1.81, leaving the overall situation fragile despite the recent rebound. Momentum has improved, as the MACD turned positive on the daily chart, and the relative strength index (RSI) hovers near 61. Both indicators suggest that buyers are trying to rebuild pressure within an overall structure still dominated by resistance from the upper moving averages.

Daily chart of the XRP/USDT pair

On the bearish side, the initial support level is at the 50-day exponential moving average around $1.41, where breaking it is likely to lead to a further decline toward the weekly opening price at $1.32. On the bullish side, immediate resistance is at the 100-day exponential moving average near $1.55, and a sustained move above this level is required to open the way toward the stronger 200-day exponential moving average around $1.81.
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