Bitcoin Loses 100-Day Average as Technical Weakness Deepens; ETH, XRP and SOL Hold Firm

Bitcoin’s (BTC) technical picture has worsened over the past 24 hours after slipping below a widely watched support level, leaving it lagging behind other major cryptocurrencies such as Ether (ETH), XRP, and Solana (SOL $192.16).

BTC breaks below 100-day SMA
BTC fell more than 1% on the day, briefly touching $109,172, and in the process dropped decisively under its 100-day simple moving average (SMA) for the first time since April 22. The breakdown was reinforced by a move below the Ichimoku cloud, signaling a shift in momentum to the downside.

That weakness follows an earlier violation of the rising trendline from April lows and consecutive bearish readings on the longer-duration MACD histogram. Analysts note the current setup resembles the February technical breakdown that preceded a sharper decline toward $75,000.

Key levels now in focus include support at $105,390 — the 38.2% Fibonacci retracement of the April–July rally — and the 200-day SMA at $100,928. Resistance lies at $111,592, $117,416 (the lower high from Aug. 22), and $120,000.

Peers show relative strength
In contrast, major altcoins are holding up better. XRP remains above its 100-day SMA, though the token is currently “stuck in the Ichimoku cloud,” suggesting a zone of indecision without a clear trend.

Ether and Solana look stronger, maintaining levels above both their 100-day SMAs and Ichimoku clouds. Should risk appetite return, ETH and SOL could outperform BTC and XRP in the near term.