❗ Cryptocurrencies pull back 📉

Cryptocurrencies have experienced a pullback during today’s session. Bitcoin was unable to break above the resistance area near $46,500, which we repeatedly mentioned in recent days. Ethereum did not remain above the $3,200 mark for long. These two cryptocurrencies are tumbling roughly 4% on Thursday. As far as Ripple, the sell-off is even more significant as the cryptocurrency is plunging 6%.

Let’s have a look at Bitcoin’s technicals on the daily chart. The price bounced off the resistance zone marked by the 50% Fibonacci retracement and previous price actions. Should the pullback continue, declines towards the $42,000 support could be on the cards. This support zone is marked by the lower limit of the 1:1 structure, the 23,6% Fibonacci retracement as well as previous local peaks.

Bitcoin, the daily interval. Source: xStation5

17 October 2025, 5:50 PM

3 markets to watch next week - (17.10.2025)

17 October 2025, 1:48 PM

Bitcoin drops below important support zone 📉

14 October 2025, 12:04 PM

Bitcoin loses momentum falling to $111k 📉Ethereum loses 3%

13 October 2025, 3:50 PM

Crypto news: Bitcoin rebounds after the sell-off 📈Ethereum above $4000

crypto

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❗ Cryptocurrencies pull back 📉

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