Bitcoin
Analyst Identifies Critical Technical Support Boundaries for Bitcoin, Ethereum, and XRP
Cryptocurrency analyst Ali Charts outlined key support thresholds on daily charts that major assets must defend to avoid deeper technical pullbacks.
Bitcoin, Ethereum, and XRP have reached pivotal technical support zones on their daily charts, according to an analysis shared on X by market analyst Ali Charts on October 18. The analyst stated that near-term price recoveries across all three assets depend on whether buyers can maintain these defined levels.
For Bitcoin, the critical threshold sits at $81,000, which marks the lower boundary of a daily rising channel. The analyst noted that holding this line could enable a rebound toward the channel's midpoint at $84,000 and potentially its upper boundary near $86,500. Conversely, a daily breakdown below $81,000 would shift technical focus down to the $76,000 support level.
Ethereum is undergoing a parallel test at $2,350, the baseline of a right-angled ascending broadening pattern. Maintaining this level could allow Ethereum to target $2,700 and $3,000, while a breakdown below it would put $2,000 into view. For XRP, the analyst highlighted $1.25 as essential support to hold, with a close above $1.56 needed to target $2, while losing support exposes the $1 mark.
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