Crypto Overview: Bitcoin remains stable as ETF outflows ease, while DEXE and TIA continue to rally.

  • Bitcoin trades slightly above $64,000 on Tuesday after falling around 4% last week.
  • Bitcoin and Ethereum ETFs saw outflows of $226 million and $10 million last week, marking a sixth straight week of withdrawals.
  • Meanwhile, DeXe and Celestia continue to post gains despite weakness across the broader crypto market.

Bitcoin (BTC) trades above $64,000 on Tuesday, remaining stable after a nearly 4% decline last week. Recent data indicates institutional outflows are slowing, pointing to potential broader market recovery, while DeXe (DEXE) and Celestia (TIA) have led gains over the past 24 hours.

Bitcoin maintains a modest rebound as ETF outflows ease.

Bitcoin-focused Exchange Traded Funds (ETFs) saw more than $1 billion in outflows for four straight weeks during May and early June. However, institutional selling pressure has recently eased, with outflows slowing to $226 million last week after $315 million the week before.

Ethereum (ETH)-focused ETFs have also posted six consecutive weeks of outflows, totaling $10.05 million last week following $14.91 million in the previous week.

Bitcoin continues to show a mixed short-term outlook. The price remains below both the 50-day and 200-day Exponential Moving Averages (EMAs), currently near $68,889 and $78,623, respectively, though it is still holding above a short-term ascending support trendline.

Technical indicators also present a mixed picture on the daily chart. The Moving Average Convergence Divergence (MACD) remains positive with rising average lines, signaling some bullish momentum, while the Relative Strength Index (RSI) stays below neutral near 41, indicating that upward moves may still face selling pressure.

On the upside, the first key resistance level lies around the 50-day EMA near $68,889, followed by the reclaimed bearish trendline near $73,439. The 200-day EMA around $78,623 stands as a more significant longer-term resistance level.

On the downside, immediate support is located near the recent ascending trendline around $63,341. A stronger decline could shift attention toward the major psychological and structural support zone at $60,000, where buyers previously stepped in to defend the broader bullish trend.

DeXe and Celestia continue to regain bullish momentum.

DeXe (DEXE) surged more than 18% on Tuesday after rallying 32% the previous day. The token remains firmly above both the 50-day EMA near $16.13 and the 200-day EMA around $10.67, while moving closer to the June 3 peak at $24.49.

Technical indicators suggest strengthening momentum without signaling overbought conditions. The RSI is hovering near 60, while the MACD line is climbing toward a potential bullish crossover with its signal line, indicating that bullish momentum remains intact but may be moderating.

On the upside, key resistance is located near the Fibonacci level at $24.49. A decisive breakout above this zone could pave the way toward new cycle highs, with the 127.2% and 161.8% Fibonacci extension levels at $31.40 and $43.08 acting as the next major resistance targets.

On the downside, immediate support is seen at the 78.6% Fibonacci retracement near $20.14, followed by the 50% retracement level around $15.50.

Meanwhile, Celestia (TIA) gained more than 3% on Tuesday, building on the previous day’s 5% rebound from the 50-day EMA near $0.3738. Momentum has improved as the RSI climbs toward 56, while both the MACD and signal line have moved into positive territory, suggesting buyers continue to maintain short-term control as long as price holds above the 50-day EMA.

On the upside, initial resistance is located at the 50% retracement level of the decline from $0.6257 to $0.2693, near $0.4104. Stronger resistance is then seen between $0.4596 and $0.4722.

On the downside, immediate support remains near the 50-day EMA at $0.3738. A break below this level could expose the 23.6% retracement at $0.3285, while a deeper decline toward the $0.2693 swing low would weaken the improving bullish outlook.

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