Technical Analysis of Bitcoin, Ethereum, and XRP – A Bitop Review

Bitop’s technical analysis provides insights into the current price trends of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Bitcoin has seen a decline following its January peak of $109,588, forming a descending parallel channel, signaling potential bearish pressure. This downward trend faces opportunities for short-selling on the left side, with stop-loss orders set above the previous high of $88,500. The price may find support between Fibonacci levels ($77,850-$80,000) and climb back towards $100,000 if volume increases.