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Cryptocurrency News Articles

Bitcoin (BTC) Remains Below the $95,000 Mark, Losing Momentum After Breaching $100,000 Earlier This Week

Jan 09, 2025 at 09:30 pm

With its sideways movement, investors are turning their focus to promising altcoins like Ethereum (ETH), Dogecoin (DOGE), Cosmos (ATOM), Aptos (APT)

Bitcoin (BTC) Remains Below the $95,000 Mark, Losing Momentum After Breaching $100,000 Earlier This Week

Bitcoin (BTC) price failed to sustain above the $95,000 level, losing momentum after breaching the $100,000 mark earlier this week. BTC is now trading around $94,323, showing a slight decrease of 0.78% over the past 24 hours.

As Bitcoin trades sideways, investors are turning their focus to promising altcoins, which have been showing impressive gains throughout 2025. Among the best-performing altcoins today are Ethereum (ETH), Dogecoin (DOGE), Cosmos (ATOM), Aptos (APT), Tezos (XTZ), and Fantom (FTM).

According to the data from CoinMarketCap, the last 24 hours have been bearish for these tokens. DOGE is down 4.89%, trading at $0.3326. At the same time, ETH has slipped 2.36% to $3,285,ATOM fell 3.89% to $6.36, APT dropped 7.42% to $8.69, XTZ lost 1.77%, settling at $1.27, and FTM declined 3.56% to $0.6437.

Let’s do an in-depth altcoin analysis to understand their price movements better.

ETH’s price action shows three consecutive bearish candles, with the Relative Strength Index (RSI) at 40.64. This indicates that sellers hold control. At the same time, the gradient of the RSI suggests that ETH could dip further unless buyer momentum returns.

Also Read: 2025: Bitcoin’s Big Year and the Rise of Utility Altcoins

Dogecoin (DOGE) Price Analysis: Bearish Trend Continues

From the Bollinger Bands, we can see that DOGE accumulation continues to rise, but the token’s price has dropped to the lower Bollinger Bands, signaling potential further declines. As the leading meme coin’s short-term trajectory looks uncertain, traders remain cautious.

Cosmos (ATOM) Price Analysis: Bearish Momentum Persists

RSI readings show that ATOM has entered bearish territory with an RSI of 40.72. Furthermore, the downward gradient suggests choppy price movement in the near term, as sellers maintain control over the market.

Aptos (APT) Price Analysis: Accumulation Decreases Sharply

We can observe a sharp decrease in accumulation, represented by the declining yellow line on APT’s daily chart. Additionally, the MACD indicator shows the MACD line approaching the signal line, hinting at potential bearish divergence.

Tezos (XTZ) Price Analysis: Price Retests Lower Bollinger Bands

From the Bollinger Bands, we can see that XTZ has reached the lower Bollinger Bands, and the RSI reading is 43.86, confirming that sellers dominate its price action. If bulls fail to take charge, a retest of $1 could be imminent.

News source:coinedition.com

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Other articles published on Jan 10, 2025