The weekly Bitcoin chart shows price action resembling the late 2021–2022 bear market. In 2021, BTC hit a new all-time high (ATH) of $69,000 in November and then corrected by 77.57% from that peak to the 2022 low of around $15,476 over 378 days. Then it consolidated for the next 112 days before starting a new bull cycle in 2023.
🎯In the 2025–2026 period, BTC reached a new ATH at $126,199 in October 2025 and has since corrected by 52.38%, reaching the low of $60,000 in the first week of February. Then BTC recovered within a broader downtrend, retesting and facing rejection at the 100-week EMA around $82,000 in early May. This rally between February and early May is considered by many analysts to be a bull trap before the main downtrend continues.
📈Since this retest of the 100-week EMA, BTC has corrected by more than 29% and reached a new yearly low of $58.1153 this week.
If the current regime follows the 2021–2022 pattern, BTC could experience further correction, reaching a low of $28,300 (77.51% of the 2025 ATH) in mid-October. Then it would consolidate for the next 112 days before starting a new bull cycle (as seen in 2023, discussed above).
On the daily chart, BTC maintains a bearish bias because the price remains below the key EMAs. The 50-day, 100-day, and 200-day EMAs are at $67,877, $71,255, and $77,031 respectively.
The Relative Strength Index (RSI) on the daily chart at 32 is slightly above the oversold area, while the Moving Average Convergence Divergence (MACD) is flattening near the zero line with a slight positive reading, which only indicates decreasing downside pressure rather than a clear recovery.
XRP is trading around $1.07 at the time this news is written on Thursday, continuing a bearish reversal from the 50-day EMA near $1.28 last week. This cross-border remittance token is holding above the June 6 low at $1.05, with a minor recovery phase, but the prevailing bearish trend warns of a sharper correction.
The MACD indicator shows a sell signal as the average lines form a bearish crossover, while the RSI falls to 34, suggesting that sellers still control the market, even though the pair is approaching oversold territory.
A potential daily close below $1.05 could threaten the FVG formed between $0.92 and $1.00, with the midline around $0.96. XRP/USDT daily price chart.
$XRP XRP sellers tighten their grip towards key support at $1.00📈📈📈📈
XRP is trading at $1.09 with a short-term bearish tone as the price sits well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMA) at $1.24, $1.34, and $1.55 respectively. The pair is also trading below the midline of the Bollinger Bands at $1.14, confirming persistent supply above, while the lower band at $1.07 offers the nearest volatility floor.
Meanwhile, momentum looks mixed, with the Moving Average Convergence Divergence (MACD) histogram just in positive territory on the daily chart, while the Relative Strength Index (RSI) around 35 indicates weak demand rather than a strong recovery.
Initial resistance is at the midline of the Bollinger Bands near $1.14, followed by the upper band around $1.22. A sustained breakout above these levels would open up opportunities towards the 50-day EMA at $1.24, with the 100-day EMA at $1.34 and the 200-day EMA at $1.55 acting as further barriers. Conversely, the lower Bollinger band at $1.07 is the first crucial support, followed by recent lows around $1.05 and a key psychological demand area at $1.00. A daily close below this last level would open up the potential for further downside. #SKHynixADRListing #SpaceXSharesFall $PEPE $HOME
Bitcoin is trading above $62,000, maintaining a short-term bearish bias as it stays well below the key Exponential Moving Averages (EMA). This currency pair is initially capped by the 50-day EMA around $68,809, with the 100-day EMA around $71,914 and a descending resistance trend line near $76,458, reinforcing the supply zone above. Additionally, the higher 200-day EMA above $77,593 confirms a larger corrective phase despite a recent breakout around $66,000.
However, momentum is trying to improve, with the Moving Average Convergence Divergence (MACD) histogram holding in positive territory on the daily chart and the Money Flow Index (MFI) hovering above 50, indicating that selling pressure is fading rather than completely reversing the dominant downtrend. BTC/USDT Daily Chart
On the upside, any initial recovery will face resistance at the 50-day EMA around $68,809, followed by the 100-day EMA near $71,914. A daily close above these levels is necessary to signal a more sustained rebound. Further up, the sloping resistance trend line near $76,458 and the 200-day EMA around $77,593 create a solid mid-term ceiling that is likely to attract new supply as it approaches. Looking down, Bitcoin's initial support is at $62,000, followed by the psychological level of $60,000 if selling pressure increases. SpaceXLosesOver$600BInThreeDays#MicronHitsRecordHigh $XLM $DEXE
$ZEC Zcash is climbing above $450 as buyers build support around $436. The recovery looks increasingly strong, reflected in the positively trending MACD histogram on the daily candlestick chart, with RSI approaching the midline.
On the upside, the nearest resistance pops up at the 50-day EMA around $474, with the upper boundary of the descending parallel channel near $500 becoming the next hurdle if buyers manage to break through. On the downside, initial support aligns with the 100-day EMA around $436, followed by the more strategic 200-day EMA close to $380. A sustained breach below this zone would expose the lower boundary of the channel around $239 as the next significant demand area.
Retail interest in Zcash derivatives remains lackluster, posing a major concern, particularly as Open Interest (OI) for futures contracts has dropped to $919 million on Monday, down from just over $1 billion the day before. Current OI is significantly lower compared to the $1.67 billion recorded at the end of May. #SpaceXPremarketFalls4.6% #OilRebounds3% $ZK $ZKC
$AAVE Aave (AAVE) founder Stani Kulechov just dropped a proposal to bring the multi-trillion-dollar securities market onto the blockchain, according to a blog post on Friday.
He argues that the V4 architecture of the protocol could support tokenized securities lending, repo markets, and securities borrowing through a shared liquidity model.
Kulechov pointed out that securities financing remains one of the "largest markets that hardly anyone outside of Wall Street thinks about, and it's already starting to move on-chain."
Aave is set to bring securities financing to the blockchain infrastructure.
He highlighted that the U.S. repo market averages a daily exposure of $12.6 trillion, while margin lending sits at around $1.3 trillion. Kulechov further noted that securities lending currently encompasses about $4.6 trillion in assets, while securities-based wealth management lending exceeds $400 billion.
A lot of the current securities financing infrastructure relies on multiple intermediaries, including custodians, lending agents, prime brokers, and clearing houses, which creates higher costs, delayed settlements, and limited transparency. Kulechov argues that blockchain-based infrastructure could streamline this process by making collateral management and settlement more efficient. #STRCBelowParSlowsStrategyBTCBuys #HormuzStraitClosedNoShipsTransiting $EOS $SYRUP
$ETH ETH is facing a strong resistance band after dipping below the $1,741 level📈📈
On the daily candlestick chart, ETH extends its short-term bearish bias as prices remain under the 20-, 50-, and 100-day Exponential Moving Averages (EMA). The recent drop below the previous bullish trend line, now acting as resistance around $1,774, confirms the broken bullish structure, while the Relative Strength Index (RSI) sits around 38 and the Stochastic reading in the middle range suggests only a moderate recovery from oversold conditions.
On the upside, initial resistance is aligned near $1,741, before encountering solid barriers formed by the 20-day EMA at $1,770 and the reclaimed trend line around $1,774, with further resistance at $1,806 and $1,909 before hitting the 50-day EMA at $1,926 and $2,018. The broader bearish setup remains intact, with ETH trading below the 100-day EMA at $2,085 and horizontal levels at $2,108 and $2,211.
On the downside, immediate focus is on the horizontal support at $1,524. A break below there would open deeper bearish targets at $1,405 and then $1,156. StrategyReservesExceedDebtBy$48B#BitcoinETFWeeklyOutflowsDrop87% $DEGO $ERA
Bitcoin's weakness is more pronounced as US tech stocks remain relatively strong.
Investors can link AI-related companies to revenue growth, earnings forecasts, and sustained capital expenditures. Currently, Bitcoin lacks comparable short-term catalysts and remains heavily reliant on liquidity and speculative demand.
This doesn’t mean Bitcoin has to always follow Nasdaq. However, when stocks hold strong while Bitcoin breaks support, this divergence indicates weaker demand for crypto.
Until Bitcoin starts outperforming stocks or reclaims its key moving averages, this relative weakness supports a bearish outlook.
Wider measured movements lead towards around $38,900, with $50,000 being the first major midpoint target. $64K Could Trigger Another Sell-Off
Bitcoin is trying to form a short-term bottom, leaving room for a recovery towards the 50-hour EMA near $63,800.
Above that, the 200-hour EMA and previous support are near $64,450. Chart
This creates a resistance zone between $63,800 and $64,450.
A rebound into this area won’t invalidate the bearish setup. Unless Bitcoin can reclaim this zone and hold above it, this movement will remain a retest of breached support.
Signs of another sell-off event include rejection near the hourly moving average, weakening volume during the rebound, and a return of price below $63,000. $60K Remains a Key Trigger
Buyers are holding the previous lows around $60,000, allowing Bitcoin to consolidate or rebound before moving lower.
However, another rejection near $64,000 followed by a return to $60,000 would make support vulnerable.
A confirmed daily close below $60,000 would reinforce the bear flag breakdown and shift focus to $50,000 #USIranSwissTalksPostponed XRPDrops5%To$1.12$TSLAB $NVDAB
$BTC Bitcoin is trading above $63,000, maintaining a limited bias as it stays below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) despite improving momentum signals. The Moving Average Convergence Divergence (MACD) histogram remains positive on the daily candlestick chart while the Money Flow Index (MFI) hovers slightly below the neutral 50 line, indicating that a bullish attempt may occur but is still confined by upper trend levels. BTC/USDT Daily Chart
Initial resistance aligns with the 50-day EMA near $70,062, followed by the 100-day EMA around $72,838 and the more dominant 200-day EMA close to $78,241, which together form a wide supply zone that needs to be reclaimed to alleviate broader bearish pressure. On the downside, key support first appears at the Parabolic SAR level around $62,149, where a break could trigger a deeper corrective phase towards uncharted levels in this dataset.#FedHawkishDotPlotFlattensYieldCurve #YenSlidesToFourDecadeLow $CELO $QUICK
XRP is trading below $1.20 with a short-term bearish bias. This remittance token is also significantly below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMA), which range from about $1.28 to $1.58 and act as major supply zones. Although the Moving Average Convergence Divergence (MACD) histogram has turned positive on the daily candlestick chart, the broader structure remains constrained.
Initial resistance for XRP is spotted at the 50-day EMA near $1.28, followed by the 100-day EMA around $1.37, with the 200-day EMA higher at about $1.58, reinforcing the upper boundary for the mid-term. On the downside, the first key support aligns with the latest Parabolic SAR print at $1.07. A daily close below this level could reopen the path to lower levels despite a moderate improvement in money flow reflected by the Money Flow Index (MFI) hovering in the low 40s. #UNISurges20% XiaohongshuHKIPOValuationAbove$70B$XLM $SYRUP
Bitcoin is trading at $66,356, continuing its rebound above $66,000 as its technical outlook gradually improves. The Parabolic SAR is well below the spot price around $60,943, indicating that this latest bounce is tentatively supported, while the Moving Average Convergence Divergence (MACD) histogram is above the zero line on the daily candlestick chart, showing increasing bullish momentum. Additionally, the Relative Strength Index (RSI) is below the midline at around 44 on the same chart, as buying pressure remains moderate.
Daily BTC/USDT Chart On the upside, the nearest resistance is seen at the 50-day Exponential Moving Average (EMA) at $70,554, followed by the 100-day EMA at $73,196, with the 200-day EMA at $78,425 reinforcing the broader resistance unless buyers can sustain the recovery.
$ADA has been moving within a descending channel since early January. The breakout attempt on May 10 failed before the price dipped again.
ADA has dropped around 35% from its peak in May at about US$0.29 and is now hovering around US$0.19. The next key support level is at US$0.17. If it breaks below US$0.178, the price could plummet to US$0.141 or even US$0.094, strengthening the dead chain narrative. That level is only about 9% away.
On-chain data provides a counterargument. ADA outflow from spot exchanges has increased to about US$2.26 million, indicating that some holders are still buying despite the fear sentiment.
Net Spot Flow of ADA For the bulls, if the price can reclaim US$0.26, the negative sentiment could ease. This scenario is stronger if protocols like Surf Lending grow and outflows remain high.
$BTC Bitcoin and the stock market took a dive after strong US job data. The report notes that investors are increasingly worried that economic strength could delay future interest rate cuts from the Federal Reserve. Although strong job data is traditionally seen as a positive for the financial markets, current market sentiment seems to favor monetary easing over signs of economic resilience.
"When the Fed makes their first rate cut in 2025, it will specifically be due to weakness in the labor market," the firm stated, adding that the cut won't be because inflation hits the Fed's 2% target.
Concerns are mounting after the latest labor market data challenged the downturn narrative. The Kobeissi Letter noted that US job openings rose by 731,000 in April, bringing the total to 7.6 million, the highest level since May 2024.
As a result, traders have sharply adjusted their expectations for monetary policy. The report added that the market is now seeing an increased likelihood of interest rate tightening until 2027, marking a significant shift from earlier expectations of several rate cuts this year.
"We've seen the most hawkish shift in Fed expectations since post-pandemic stimulus. The BASE case shows two rate hikes by early 2027," said The Kobeissi Letter.
The report also pointed to several factors weighing on both equities and crypto simultaneously. This includes plans from major tech firms like Meta to raise substantial capital for AI investments.
Another factor is SpaceX's upcoming $75 billion IPO, which could absorb substantial liquidity from the market.
BTC is trading at $60,720, down 2.8% in the last 24 hours, at the time of this report. #NasdaqWorstDayInOverAYear BitcoinBounceBackAbove$61K$AAVE $QNT
$ETH Ethereum is trading at $1,674, maintaining a short-term bearish bias as the price is well below the 50-day, 100-day, and 200-day EMAs at around $2,114, $2,225, and $2,472 respectively. The MACD histogram remains in negative territory on the daily candlestick chart, while the RSI hovers around 15, indicating extreme oversold conditions that could slow down the current downtrend.
On the upside, initial resistance appears at the 50-day EMA near $2,114, followed by the 100-day EMA around $2,225 and then the 200-day EMA near $2,472. These levels collectively form a broad supply zone that needs to be reclaimed to ease bearish pressure. The range around $1,600 acts as initial support, but deeper sell-offs could confirm a prolonged bearish structure.#MyStocksQuestion #SpaceXIPOBarsMainlandChinaHongKongInvestors $DUSK $ZKC
$BTC Bitcoin is trading around $63,000, continuing its bearish phase as the price remains well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at approximately $75,216, $76,038, and $80,671 respectively. The loss of the previously ascending support trendline, which has now turned into a pivot resistance around $71,354, underscores a market constrained by overhead supply. Meanwhile, the Relative Strength Index (RSI) is holding above 18 points amid ongoing downward pressure despite being in oversold territory. The Moving Average Convergence Divergence (MACD) histogram remains in negative territory with very negative readings, reinforcing the prevailing bearish momentum backdrop.
On the upside, initial resistance appears at the breached ascending trendline near $71,354, with further supply expected at the 50-day EMA around $75,216 and the 100-day EMA near $76,038, before the broader bearish structure is tested at the 200-day EMA near $80,671 #USJoblessClaimsHit225K #SpaceXInitiatesIPORoadshowWith555MShares $PEPE $SEI
$BTC Bitcoin Tries to Hold Above Tough Conditions‼️‼️‼️
Bitcoin is holding above $66,000 at the time of this writing on Wednesday, maintaining a bearish short-term sentiment, consistent with a decline of about 10% so far this week. BTC is well below the Exponential Moving Averages (EMA) of 50-, 100-, and 200-days at $75,333, $76,121, and $80,706 respectively, indicating the market is still stuck in a corrective phase.
Nonetheless, the Relative Strength Index (RSI) at level 23 on the daily candlestick is in the oversold territory, yet the Moving Average Convergence Divergence (MACD) remains deeply in the negative zone, signaling that bearish momentum is still dominant and hasn't turned decisively.
Looking down, the next significant support level appears around the horizontal level of $65,000, marked by the low of March 29, where buyers are likely to try to halt any deeper declines. However, a potential breakdown below this zone would pave the way to the $60,000 level last seen on February 6.#StrategyFallsOutOfTop200US #AnthropicFilesForIPO $COOKIE $VELVET
$XRP is trading at $1.26, extending its decline well below the short, medium, and long-term Exponential Moving Averages (EMA), keeping the short-term bias clearly bearish. The 50-day EMA is at $1.38, the 100-day EMA at $1.45, and the 200-day EMA at $1.65, all comfortably above the spot price, indicating that any rebound is likely to face supply in this stacked dynamic resistance zone. The Moving Average Convergence Divergence (MACD) histogram remains in negative territory on the daily chart, and the Relative Strength Index (RSI) is near the oversold level around 32, signaling that the downward momentum is still ongoing even as prices start to stretch.
On the upside, initial resistance is at the 50-day EMA near $1.38, followed by the 100-day EMA around $1.45, where sellers may try to regain control on any corrective bounce. A more robust recovery would require a breakout above the descending resistance trendline, currently intersecting around $1.52, with the 200-day EMA around $1.65 acting as a broader bearish pivot, and a recovery above it is needed to ease the ongoing negative outlook.#AnthropicFilesConfidentialIPO #CMEGroupLaunches24/7CryptoFuturesTrading $COTI $CAKE
$ETH Ethereum is trading below $2,000 on Monday, maintaining a bearish bias, but found support at Thursday's low of $1,967 on the 4-hour candlestick chart. ETH price remains under the 50-period EMA at $2,043 and the 100 and 200-period EMAs at $2,093 and $2,148 respectively.
This major altcoin is also trading below a descending trendline resistance currently around $2,049, reinforcing the limited sentiment. Heavy momentum, with the RSI at 38 still below the midpoint on the 4-hour chart, while the MACD crosses below the signal line into negative territory, indicating weak bullish conviction.
🔥Direct support for ETH below $1,967 is at the Pivot Point S1 and S2 at $1,935 and $1,863 respectively.