Bitcoin Eyes $100K as XRP and Shiba Inu Face Key Challenges

Bitcoin (BTC) is showing signs of recovery, trading around $96,934 after a brief pullback. Market sentiment remains cautiously optimistic as BTC consolidates near crucial support levels. A retest of the $98,000 resistance is evident, with the 50-day EMA at $98,665. A breakout above this level could push Bitcoin past the psychological $100,000 barrier. However, failure to reclaim $98,000 may see BTC drop toward $93,300, where the 200-day EMA offers solid support.

Despite momentum slowing, Bitcoin’s ability to stay above $90,000 keeps the broader trend bullish. The RSI suggests sideways movement before a decisive breakout. If BTC maintains support above $95,000 with rising volume, a rally toward $100,000 becomes highly probable. A drop below $93,000, however, could expose Bitcoin to further declines toward $85,000.

XRP is trading around $2.45 after rebounding from its $2.18 support level. While this appears bullish, on-chain data raises doubts about the sustainability of this recovery. XRP recently fell from a local peak of $3.20, and with the 50-day EMA providing short-term support, a breakout above $2.69 could signal another attempt at $3.00. However, weakening network activity—transactions dropping to 693,898 on Feb. 9—suggests declining investor interest, making further gains uncertain.

Shiba Inu (SHIB) faces bearish pressure, hovering near $0.00001616. A potential death cross, where the 50-day EMA drops below the 200-day EMA, signals prolonged downside risk. SHIB must reclaim $0.00001850 to reverse its trend, but failure to do so could push prices below $0.00001500. Investors should monitor trading volume, as low buying interest could confirm further declines.

Bitcoin’s breakout attempt remains in focus, while XRP and SHIB struggle with weak momentum.