Bitcoin price leads the three main coins with a 'box pattern' ahead of technical resistance... Waiting for a breakout signal

The three core assets of the blockchain market—Bitcoin(BTC), Ethereum(ETH), and Ripple(XRP)—each have entered important technical resistance levels. Recently, these three coins showing strong upward momentum are currently forming a box pattern just below their respective resistance levels as of Wednesday. From an investor’s perspective, it is more appropriate to interpret this as a “recharging phase for the next breakout” rather than “the bullish trend has reversed.”

Bitcoin Price, Eyes on 100K Beyond 94K… RSI and MACD Still Favor Buyers

Currently, Bitcoin is trading around $96.91K, with a 24-hour increase of 1.95%.

Last week, BTC broke through the $90,000 level on the daily close, and on Monday, surged about 4% to retest $94,253(61.8% Fibonacci retracement). This level is the exact midpoint resistance between the April low of $74,508 and the October all-time high of $126,199. However, since Tuesday, it has failed to close above this upper zone on the daily chart, causing momentum to temporarily slow, and it is now slightly retraced around $92,700.

Bullish Scenario: If the daily close clearly exceeds $94,253, the psychological resistance of $100,000 becomes the next target. From a technical momentum perspective, RSI remains above neutral at 59, and the green bars on the MACD are expanding since the golden cross, so the upward case remains valid.

Bearish Risks: If the correction deepens and falls below the 50-day EMA at $91,774, there is a high likelihood of retesting the recent box top at $90,000.

Ethereum, Considering $3,308… Watch for $3,447 if EMA Breaks

Ethereum’s current price is $3.36K, with a 24-hour increase of 2.19%.

ETH broke above the daily resistance of $3,017 last Friday, and by Tuesday, rose about 6% to reach the 100-day EMA at $3,308. However, as of Wednesday, a slight correction is underway around $3,272, and a definitive daily breakout has not yet occurred. This indicates that “the bullish trend is still alive but in a reorganization phase before the next move.”

Upside Scenario: If the daily close clearly surpasses $3,308, the immediate next resistance is identified at $3,447, the high from December 10. Both RSI and MACD continue to signal strength, supporting the view that “even with a correction, the upward trend remains intact.”

Support Level: If a deeper correction occurs, the 50-day EMA at $3,134 is likely to serve as the first buy zone.

XRP, $2.35 ‘Resistance Wall’… Breakout Targets $2.72

Ripple XRP is currently trading at $2.12, with a 24-hour decline of 0.32%.

Last Friday, XRP broke above the daily resistance of $1.96, and by Monday, surged over 16%, testing the $2.35 resistance. However, it failed to break through this level on the daily chart, and since Tuesday, a correction has been underway, with the price retracing to around $2.27. This is a natural pause after a sharp rise, but investors’ real concern is whether the price will rise again from this level.

If Breakout Succeeds: A daily close above $2.35 would immediately target the resistance at $2.72. Both RSI and MACD still show bullish signals, so a scenario of “retesting after correction and resuming upward” cannot be completely ruled out.

Protection Level: If the correction extends, the 50-day EMA at $2.07 is expected to serve as a key support.

Overall Assessment: Exercise Caution Until Breakout Confirmed

This recent bearish phase centered around Bitcoin price should be interpreted more as “an inevitable pause before major resistance” rather than a “trend breakdown.” All three assets still exhibit positive technical momentum, and the next step depends on whether they can clearly break through these resistances on the daily close. Investors should wait for these signals while managing risks carefully, adopting a prudent approach.