Bitcoin trades just above $76,000 on Friday, maintaining support near its 100-day EMA. The Crypto Fear and Greed Index remains stuck in a neutral-to-bearish zone, signaling subdued market sentiment. Meanwhile, Terra Classic and Zcash are finding it difficult to sustain Thursday’s gains, raising the risk of a potential bearish reversal.
Bitcoin (BTC) holds above $76,000 at the time of writing on Friday, remaining stable despite subdued broader market sentiment. Meanwhile, Terra Classic (LUNC) and Zcash (ZEC) are under pressure, struggling to maintain the gains recorded in the previous session.
Market sentiment tilts toward a bearish bias.
Market sentiment tilts bearish as CoinMarketCap’s Crypto Fear and Greed Index reads 41 on Friday, lingering near the line between neutral and fear, signaling that risk-off sentiment is increasingly taking hold among investors.
Bitcoin steadies at a key support level.
Bitcoin holds near a key support level, with the 100-day EMA around $75,719 halting its recent three-day pullback and maintaining a short-term upward bias. However, the MACD remains in negative territory below its signal line, indicating that bullish momentum may be transitioning into a corrective phase. Meanwhile, the RSI at 56 stays above the midpoint, supporting a constructive outlook without signaling overbought conditions.
A break below the 100-day EMA at $75,719 could expose the 50-day EMA near $73,786 as the next support level, while the ascending trendline around $68,707 represents a more distant structural base.
On the upside, the 200-day EMA at 82,494.55 stands as the next key resistance, and a sustained move above this level could pave the way for a fresh advance within the broader bullish trend.
Will Terra Luna and Zcash hold gains?
Terra Classic (LUNC) is trading above $0.000070 on Friday, maintaining its footing after a strong 5% rally in the previous session. The token continues to hold above its 50-, 100-, and 200-day EMAs, signaling a constructive short-term outlook.
However, momentum indicators suggest caution. The RSI is elevated near 79, deep in overbought territory, indicating that the recent upside may be stretched. At the same time, the MACD is flattening around the zero line, pointing to fading bullish momentum following the latest surge.
For now, LUNC faces clear resistance at the $0.000081 swing high. A failure to break above this level could lead to consolidation or a short-term pullback, especially given the overheated conditions.
On the downside, the 78.6% and 61.8% Fibonacci retracement levels at $0.000070 and $0.000062, respectively, act as key support zones for Terra Classic.
Meanwhile, Zcash trades below $350 on Friday, continuing to consolidate within a triangle pattern. Despite this, the broader outlook remains constructive, with price action holding firmly above the 50-, 100-, and 200-day EMAs clustered between roughly $285 and $307.
Zcash also stays above a rising support trendline near $322, indicating that buyers still dominate the medium-term structure. However, the MACD slipping below its signal line points to fading upside momentum, while the RSI at 56 keeps the bias modestly tilted to the upside.
On the upside, immediate resistance lies at the descending trendline around $357, where previous rallies have stalled. A decisive daily close above this level could trigger a stronger recovery, potentially targeting the $400 psychological level.
On the downside, initial support emerges at the rising trendline near $322, followed by the 50-day EMA around $307 and the 100-day EMA near $301. The 200-day EMA at $284 serves as a deeper and more critical support level should selling pressure intensify.
THE ETERNAL SOVEREIGN 