Bitcoin remains firmly above the $65,000 level, supported by improving market sentiment following confirmation of a preliminary peace agreement between the United States and Iran. Meanwhile, Zcash extends its rally for a third straight session, approaching the $500 mark as bullish momentum indicators continue to strengthen. Worldcoin is also showing renewed upside momentum around $0.60, backed by a bullish MACD crossover and sustained support from its 200-day EMA demand zone.
Bitcoin (BTC) is showing early signs of recovery, holding above the $65,000 level on Monday as the broader cryptocurrency market rebounds amid improving risk sentiment. Market confidence has been boosted by news that the United States and Iran have confirmed a preliminary peace agreement, easing geopolitical concerns and encouraging investors to re-enter risk assets.
Among the top 100 cryptocurrencies, Zcash (ZEC) is leading the rally, climbing toward the $500 mark as bullish momentum continues to strengthen. Worldcoin (WLD) is also benefiting from the renewed appetite for risk, with investor sentiment gradually improving. This shift is reflected in the Crypto Fear & Greed Index, which rose to 20 on Monday from 18 a day earlier and just 8 a week ago, signaling a steady reduction in market fear and a growing willingness among traders to take on risk.
Bitcoin Gains Momentum as Geopolitical Tensions Ease
Bitcoin (BTC) is extending its recovery, climbing toward the $66,000 level as investor sentiment improves following signs of de-escalation between the United States and Iran. Market optimism has been fueled by reports that both countries have reached a preliminary agreement expected to take effect on Friday, easing concerns over disruptions to global energy supplies.
According to reports, the agreement includes the lifting of the US naval blockade on Iranian ports and the reopening of the Strait of Hormuz, a critical route for global oil and gas shipments. The existing ceasefire agreement is also expected to be extended by 60 days to provide additional time for ongoing nuclear negotiations. While Iran has announced that hostilities should cease across multiple fronts, reports of continued military strikes in southern Lebanon suggest that uncertainties remain.
The prospect of reduced geopolitical risk has boosted appetite for risk assets across financial markets, including cryptocurrencies. Bitcoin has rebounded toward $66,000 and could target the $70,000 area if bullish sentiment continues to strengthen.
However, the broader technical outlook remains cautious. BTC is still trading below the Bollinger Bands’ midline near $66,500 and beneath key 50-day, 100-day, and 200-day exponential moving averages clustered between $70,700 and $78,800. These levels continue to act as significant resistance zones.
Momentum indicators present a mixed picture. The daily MACD histogram has turned positive, signaling improving bullish momentum, while the Relative Strength Index (RSI) remains subdued around 42, indicating that buying pressure has yet to fully regain control. As a result, Bitcoin’s recent rebound remains vulnerable unless it can decisively break above key technical resistance levels.
Bitcoin Faces Key Resistance as Recovery Gains Traction
On the upside, Bitcoin’s first major hurdle sits near the Bollinger Bands’ midpoint around $66,500. A sustained breakout above this level could open the door toward the 50-day EMA near $70,700, followed by the 100-day EMA around $73,300. Despite the recent rebound, these technical barriers continue to cap bullish momentum.
On the downside, meaningful support remains limited until the lower Bollinger Band near $56,900. If the current recovery loses steam, this area could serve as the next significant demand zone and help contain a deeper pullback.
Zcash and Worldcoin Extend Rally as Bulls Maintain Control
Zcash (ZEC) continues to advance toward the key $500 resistance level, maintaining a constructive technical outlook. The cryptocurrency remains comfortably above its 50-day, 100-day, and 200-day exponential moving averages, which are clustered between approximately $475 and $374. This bullish EMA alignment signals that the broader uptrend remains intact despite a moderation in momentum.
Technical indicators suggest buyers still hold the upper hand, although upside momentum has eased somewhat. The Relative Strength Index (RSI) remains slightly above the neutral 50 threshold, indicating balanced but positive market conditions. Meanwhile, the MACD histogram remains marginally negative, reflecting a mild slowdown in bullish momentum rather than a decisive shift toward bearish control.
Overall, Zcash continues to show resilience within its prevailing uptrend, while the broader recovery in risk assets is also supporting strength in cryptocurrencies such as Worldcoin, which has benefited from improving investor sentiment and growing demand for higher-risk assets.
Zcash Eyes $590 Resistance as Uptrend Remains Intact
On the upside, Zcash’s next major challenge is the descending trendline resistance zone around $590. A successful break above this area could reinforce the bullish outlook, while failure to overcome it may encourage profit-taking and a renewed attempt by sellers to regain control.
On the downside, immediate support is located at the 50-day EMA near $475, followed by the 100-day EMA around $431 and the 200-day EMA close to $374. Together, these levels form a broad support zone that underpins the current uptrend. A decisive break below this demand area would be needed to invalidate the prevailing bullish market structure.
Worldcoin Maintains Recovery Momentum Above Key Averages
Worldcoin (WLD) is trading near $0.60, extending its recovery and holding comfortably above its major moving averages. The token remains well supported by the 50-day EMA near $0.38, the 100-day EMA around $0.37, and the 200-day EMA close to $0.45, indicating that the broader trend continues to strengthen as long as these support levels remain intact.
Momentum indicators also support the bullish case. The Relative Strength Index (RSI) is holding in the mid-60s on the daily chart, reflecting strong buying interest without yet reaching extreme overbought conditions. At the same time, the MACD histogram remains positive, signaling that bullish momentum is still in place despite the sharp recent advance.
As a result, Worldcoin’s technical outlook remains constructive, with buyers maintaining control and the recovery trend supported by both price action and momentum indicators.
Worldcoin Holds Bullish Bias Above Key Support Levels
Worldcoin (WLD) continues to maintain a constructive technical outlook, with its most important support level located at the 200-day EMA near $0.45. Additional buying interest is likely to emerge around the 50-day and 100-day EMAs, which are closely clustered between $0.37 and $0.38, creating a strong support zone beneath the current price.
A daily close below the $0.45 level would weaken the bullish structure and increase the risk of a corrective move toward the EMA cluster. Such a decline could signal fading momentum and trigger a broader mean-reversion phase after the recent rally.
On the other hand, as long as Worldcoin remains above the 200-day EMA, the bullish trend remains intact. Sustained price action above $0.45 would preserve the potential for further gains and possible retests of recent highs, with the chart currently showing no major resistance levels that could significantly impede the advance. Momentum indicators also remain supportive, suggesting buyers continue to hold the upper hand in the near term.
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