{"id":44080,"date":"2025-08-26T08:46:43","date_gmt":"2025-08-26T08:46:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44080"},"modified":"2025-08-26T08:46:43","modified_gmt":"2025-08-26T08:46:43","slug":"bitcoin-suffers-technical-setback-loses-100-day-average-as-xrp-eth-and-sol-hold-ground","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44080","title":{"rendered":"Bitcoin Suffers Technical Setback, Loses 100-Day Average as XRP, ETH and SOL Hold Ground"},"content":{"rendered":"
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This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.<\/em><\/strong><\/p>\n

Bitcoin’s (BTC) technical outlook has deteriorated over the past 24 hours, with prices dropping below a key moving average for the first time since April. This breakdown has left BTC at a disadvantage compared to major tokens such as Ether (ETH), XRP, and Solana (SOL).<\/p>\n

BTC loses 100-day SMA<\/h2>\n

BTC has dropped over 1% in the past 24 hours, hitting a low of $109,172 at one point.<\/p>\n

In the process, the cryptocurrency has convincingly dipped below the 100-day simple moving average (SMA), a widely tracked momentum indicator and support\/resistance line, for the first time since April 22.<\/p>\n

Further, prices have crossed below the Ichimoku cloud, indicating a bearish shift in momentum.<\/p>\n

The dual breakdown has bolstered the bearish technical outlook<\/a> suggested by the recent violation of the upward-sloping trendline from the April lows and the consecutive negative prints on the longer-duration MACD histogram. Taken together, the recent pattern looks similar to the February breakdown that set the stage for a deeper sell-off to $75K.<\/p>\n

\"BTC's<\/p>\n

The next key level to watch out for is $105,390, which is the 38.2% Fibonacci retracement of the April-July rally, followed by the 200-day SMA at $100,928.<\/p>\n

The bulls need to overcome the lower high of $117,416 created on Aug. 22 to negate the bearish technical setup.<\/p>\n