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Bitcoin

Bitcoin Climbs Back Above $81,000 as Ether and XRP Face Support Tests

Image: TokenPost

Bitcoin (BTC) climbed back above $81,000 after briefly falling to about $79,750, leaving that support level in focus as Ether (ETH) and XRP face separate chart tests. Analysts Ali Martinez and Gareth Soloway both use $81,000 to assess Bitcoin’s recovery. Martinez places it at the lower edge of a rising channel on the daily chart. Soloway marks it as the bottom of a range extending to $87,200. If Bitcoin holds $81,000, Martinez’s chart identifies $84,000 and then $86,500 as higher levels within the channel. A break below support would shift his focus to $76,000. Soloway treats a daily close below $81,000 as a sign of weakness. Bitcoin had previously approached the same support area after facing resistance near $86,500. For Ether, Martinez identifies $2,350 as support.

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