Bitcoin At $76,000 As Ethereum, XRP, Dogecoin Dip 2% On ETF Outflows

Bitcoin trades near $76,000 as institutional flows turned negative ahead of a closely watched Federal Reserve meeting.

Bitcoin ETFs saw $263.2 million in net outflows on Monday, while Ethereum ETFs reported $50.5 million in net outflows.  

Meme coin market capitalization is down 3.5% to $36.4 billion over the past 24 hours.

Trader Commentary: 

Crypto industry expert Quinten Francois said Bitcoin remains confined within a trading channel and has yet to confirm a breakout.

He noted that a rejection from current levels could push BTC toward $70,000, followed by a period of sideways consolidation. Conversely, a breakout could trigger a rapid move toward the $85,000 to $90,000 range. Given the mixed signals, he maintained a neutral outlook.

Trader Mister Crypto said Ethereum may be entering an “upthrust after distribution” (UTAD) phase within a Wyckoff distribution pattern. If confirmed, this setup could see Ethereum briefly move higher to sweep liquidity above resistance before reversing into a more pronounced decline.

Crypto chart analyst Ali Martinez highlighted that Solana is approaching the apex of a triangle pattern, suggesting a breakout may be imminent. Such setups typically precede a sharp move, with Martinez estimating a potential price swing of around 10%, depending on the breakout direction.

Martinez also noted that approximately 1.10 billion XRP tokens were recently sold or redistributed by large holders, indicating significant supply movement that could influence near-term price action.

Cryptollica said Dogecoin may still offer a potential buying opportunity. He pointed to its weekly relative strength index (RSI), which indicates oversold conditions that could precede a rebound, though confirmation remains necessary.

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