From Coinpedia · By Anjali Belgaumkar
Bitcoin fell to $65,420.59, down 4.8% in 24 hours and 13.6% over the past week, according to CoinGecko data. Ether and XRP fell further. The levels traders had marked for a rebound gave way one after another.
Advertisement Ether dropped 5.7% to $1,826 and is down 18.2% for the week. XRP fell 6.1% to $0.9573, putting the token back below $1. Solana took the biggest hit among the top coins, sliding 8.6% to $72.66.
Bitcoin Slices Through the $67,000 Target Zone
Gareth Soloway, chief market strategist at Verified Investing, had warned that a break below $75,500 would open a path to $66,000 to $67,000. Bitcoin first stalled near $67,500. It has since broken through the whole zone and now trades about $1,500 below its lower end.
The selling has pushed several chart levels out of play:
Resistance: $75,500 has turned from support into resistance.
Trend line: Bitcoin has dropped below a trend line drawn from a major high in June 2026. That line was the breakout point of an earlier inverse head-and-shoulders pattern.
Fibonacci: The price has fallen deeper below the 0.618 retracement of its full rally, a level traders often watch for a bounce.
The Bull Case Is Now Under Pressure
Soloway said he started buying small amounts of Bitcoin near $67,000, along with some Solana. He argued that a recent higher high on the chart pointed to a short-term bottom. On that view, the drop would be a pullback within a larger recovery rather than a new downtrend.
That view has a clear line in the sand. If Bitcoin sets a lower low below its previous cycle low, the higher-low structure fails, and that would signal the cycle bottom has not formed. With the price now below the target zone, the market is getting closer to testing that line.
Ethereum Falls Through Its Buy Zone
Ether has slipped below the trend line it broke above earlier. It now trades under the area where buyers had been expected to step in.
Soloway said he went long Ether at an average price of $1,952, roughly a quarter of a full position, and planned to add near $1,850. At $1,826, the price is now below both levels. Ether’s market value has fallen to about $223 billion.
XRP Loses $1 Again
XRP first slipped below $1 earlier in the week, then bounced to $1.02. That rebound has now faded. At $0.9573, the token sits below its August low of about 98.5 cents and is down 16.9% for the week.
On the four-hour chart, the relative strength index (RSI) had been rising from its lows even as the price fell. That gap can point to fading selling pressure, but it has not yet produced a lasting bounce.
Downside: The next major support is $0.90, about 6% below the current price.