Bitcoin Tests 100-Day EMA as Bears Defend ₱4,013,717 ($67,000) Support
Bitcoin has held key support at ₱4,013,717 ($67,000) throughout 2026 and is now attempting recovery by testing its 100-day exponential moving average. ETH faces resistance between ₱143,775 ($2,400) and ₱149,766 ($2,500) while XRP attempts to break a downward trendline.
Key Takeaway
Breaking the 100-day EMA would flip market structure bullish after three consecutive weak months.
Bitcoin is approaching its 100-day exponential moving average, a technical barrier that could determine the market's direction for months. A break above this level would signal buyers are taking control back from sellers and that bearish momentum is weakening. The move comes after Bitcoin dropped 10.1% in January and another 14.8% in February, well below the historical averages of 8.52% and 12.5% gains for those months.
Volume has increased during Bitcoin's recent upward movements. RSI is moving into bullish territory, suggesting momentum may be shifting. The price is forming a triangle compression pattern as it tests the 100-day EMA, which has emerged as the most important resistance level. March saw only 0.19% gains despite a historical average of 33.4% for April.
ETH is testing a ceiling between ₱143,775 ($2,400) and $2,500, where the 100-day EMA sits. The token experienced lows in February and has begun recovery since then. Volume has increased during the move up, but not enough to confirm a breakout. RSI is rising but hasn't reached strong bullish levels yet, leaving ETH stuck below resistance.
XRP is forming a rounded bottom after months of lower highs and ongoing selling pressure. The token recently broke above resistance between $1.45 and $1.50 and is attempting to clear a downward trendline. Acceleration is necessary at this stage, as momentum feeds on itself and sidelined capital begins to reenter the market.
The 200-day EMA remains a larger reversal zone and macro trend filter for all three tokens. Some analysts argue the path of least resistance is still down, pointing to ETF flows, whale behavior, and longer-term charts that suggest bearish momentum hasn't fully broken. A verified break above the 100-day EMA would indicate a structural change in market dynamics, particularly if Bitcoin maintains position above $67,000.
This article was written based on reporting from U.Today.
