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Key takeaways

• Bitcoin trades below $64,000 as stalled US-Iran negotiations weaken demand for risk-sensitive assets.
• Rising oil prices are increasing inflation concerns and expectations of another Federal Reserve rate hike.
• US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, ending a five-day inflow streak.

Bitcoin (BTC) is struggling below $64,000 at the time of writing on Tuesday as rising oil prices and uncertainty surrounding the US-Iran negotiations weigh on market sentiment.

Weakening institutional demand has added to the pressure. US spot Bitcoin exchange-traded funds recorded net outflows at the beginning of the week, ending a five-day run of positive flows.

The combination of geopolitical uncertainty, renewed inflation concerns and softer ETF demand is keeping investors cautious and limiting Bitcoin’s ability to recover.

US-Iran deadlock pushes oil prices higher

Negotiations between the United States and Iran over a potential peace agreement and the reopening of the Strait of Hormuz appear to have reached an impasse.

US President Donald Trump responded to Iran’s conditions for a peace agreement with additional demands on Monday, including compensation for people killed in wars, attacks and protests, according to Reuters.

The rhetorical escalation could complicate diplomatic efforts and delay the reopening of the Strait of Hormuz, a critical route for global energy shipments.

Concerns about prolonged disruption have pushed oil prices higher while pressuring risk-sensitive assets such as Bitcoin.

A sustained increase in energy prices could lift production and transportation costs, creating renewed inflationary pressure. Higher inflation could give the Federal Reserve more reason to maintain restrictive monetary policy or raise interest rates.

Expectations of another Federal Reserve rate increase have strengthened alongside the rally in oil prices.

The CME FedWatch Tool shows that market participants are pricing in a 51.3% probability of a 25-basis-point rate hike at the Fed’s September meeting. That figure has increased from 44.1% on Friday.

Higher interest rates generally reduce demand for speculative assets by increasing borrowing costs and making interest-bearing investments more attractive. As a result, rising rate-hike expectations could continue to limit Bitcoin’s upside.

However, expectations could shift again in response to incoming inflation, employment and economic-growth data.

Institutional demand for Bitcoin began the week on a weaker footing. US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, according to SoSoValue. The withdrawal ended five consecutive trading days of net inflows.

ETF flows are closely watched because they provide insight into demand from institutional and traditional-market investors. Sustained inflows can support Bitcoin by increasing spot-market buying, while persistent outflows can add selling pressure.

Monday’s outflow does not necessarily establish a broader trend. However, additional withdrawals throughout the week could deepen Bitcoin’s correction and further weaken investor sentiment.

Bitcoin price remains below key moving averages

Bitcoin trades near $63,916 at the time of writing on Tuesday after falling 1.44% during the previous session.

The cryptocurrency remains below a cluster of important Exponential Moving Averages, maintaining its bearish near-term structure.

The 50-day EMA at $64,625 represents Bitcoin’s nearest resistance. Above that level, the 100-day EMA at $66,795 and the 200-day EMA at $72,045 create additional barriers.

With all three moving averages positioned above the current price, BTC faces substantial resistance during any recovery attempt.

Momentum indicators also show a lack of decisive buying pressure. The Relative Strength Index stands near 48, slightly below its neutral midpoint of 50.

Meanwhile, the Moving Average Convergence Divergence line remains marginally below zero and close to its signal line. The setup reflects weak and largely directionless momentum rather than a confirmed bullish reversal.

Bitcoin must reclaim the 50-day EMA at $64,625 to improve its short-term outlook. A sustained break above this level could allow buyers to target the 100-day EMA at $66,795. 

Further gains would bring the 200-day EMA at $72,045 into focus, followed by the broader horizontal resistance at $75,719.

On the downside, Bitcoin’s immediate support is located at $62,345. Buyers may attempt to defend this level if geopolitical and macroeconomic pressures continue.

A decisive daily close below $62,345 would strengthen the bearish outlook and potentially trigger a deeper correction toward the yearly low of $57,800, established on July 1.

The post Bitcoin slips to $64,000 as oil rally and ETF outflows pressure BTC appeared first on CoinJournal.

Key takeaways

• XRP trades around $1.03 after falling more than 5% during the previous week.
• The token remains below its 50-day, 100-day, and 200-day EMAs, maintaining a bearish technical structure.
• An RSI reading near 39 and a negative MACD signal indicate persistent selling pressure.

XRP trades near $1.03 on Monday, recording a modest rebound after declining more than 5% during the previous week.

Despite the intraday recovery, XRP retains a bearish near-term outlook because it remains below all three major Exponential Moving Averages. Weak momentum indicators also suggest that sellers continue to control the broader price trend.

The $1.00 psychological level is now crucial. Buyers must defend this support to prevent another leg lower, while XRP needs to reclaim the 50-day EMA at $1.10 to improve its short-term outlook.

XRP remains below all major moving averages

XRP currently trades below the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37

Trading below all three moving averages reflects weakness across short-, medium-, and long-term time frames.

The positioning also creates a wide zone of overhead resistance. Any XRP recovery is likely to face renewed selling as the price approaches these moving averages.

The 50-day EMA at $1.10 represents the first major test. A sustained daily close above this level would suggest that short-term momentum is beginning to improve.

XRP’s momentum indicators remain bearish despite Monday’s slight recovery. The Relative Strength Index stands near 39, below its neutral midpoint of 50. 

This reading shows that selling pressure remains dominant, although XRP has not yet entered the conventional oversold zone below 30.

The Moving Average Convergence Divergence indicator is also negative, reinforcing the bearish outlook.

Together, the RSI and MACD suggest that XRP’s rebound may remain limited unless buyers return with stronger trading volume. Any short-term rallies could attract selling while the token remains beneath its major moving averages.

XRP approaches critical $1 support

The psychological and horizontal level at $1.00 provides XRP’s most important immediate support.

Buyers may attempt to defend this area because round-number levels often attract increased demand. Holding above $1 could allow XRP to consolidate and make another attempt to reclaim its 50-day EMA.

However, a decisive daily close below $1.00 would weaken the technical structure and could accelerate selling pressure.

The absence of another specified nearby support means that a breakdown could expose XRP to a deeper correction as traders search for the next demand zone.

XRP must break above the 50-day EMA at $1.10 to begin reversing its bearish short-term trend.

The move from $1.03 to $1.10 would require a gain of nearly 7%. Clearing this moving average could encourage buyers to target the 100-day EMA at $1.18.

If XRP breaks above $1.18, the horizontal resistance at $1.30 would become the next upside target.

However, each of these levels could attract profit-taking and renewed selling, making a sustained recovery dependent on strong demand and improving momentum.

The 200-day EMA at $1.37 represents XRP’s most substantial technical barrier. This moving average serves as an important gauge of the broader trend. XRP would need to reclaim it to signal a meaningful shift away from its long-term bearish structure.

Beyond $1.37, the next major resistance is located around $1.90. However, this target remains distant while XRP trades below its nearer moving-average barriers.

For now, the more immediate recovery path runs through $1.10, $1.18, and $1.30.

XRP’s technical outlook remains bearish despite its modest recovery to $1.03. The token’s position below all major moving averages and its weak momentum indicators suggest that sellers retain control. The $1.00 support level will determine whether XRP can stabilize or faces another wave of losses.

Holding above $1 could support consolidation and a recovery toward the 50-day EMA at $1.10. Conversely, a decisive breakdown would confirm renewed bearish momentum and increase the risk of a deeper correction.

The post XRP rebounds to $1.03 but bearish momentum keeps $1 support at risk appeared first on CoinJournal.

Key takeaways

• Ethereum trades near $1,918 with a mildly bullish short-term outlook.
• ETH holds above the 50-day EMA at $1,864 but remains capped by the 100-day EMA near $1,924.
• The RSI at 56 signals steady buying momentum without overbought conditions.

Ethereum consolidates near $1,918

Ethereum (ETH) trades around $1,918, maintaining a mildly constructive outlook as buyers defend the area above its 50-day Exponential Moving Average (EMA).

The second-largest cryptocurrency is currently caught between the 50-day EMA at approximately $1,864 and the 100-day EMA near $1,924. This narrow range reflects an ongoing battle between buyers seeking to extend the recovery and sellers defending the longer-term resistance level.

Ethereum’s ability to hold above the 50-day EMA suggests that traders continue to buy price declines. However, ETH must decisively overcome the 100-day EMA to establish stronger bullish momentum.

ETH buyers defend the 50-Day EMA

The 50-day EMA at $1,864 provides Ethereum’s most important near-term support. ETH’s position above this indicator signals that the short-term trend is improving and that buyers remain active during pullbacks. 

Continued support above the moving average would preserve the possibility of a breakout toward $2,000.

However, Ethereum remains below the 100-day EMA at $1,924. This moving average has emerged as an immediate barrier and could continue to limit the recovery unless trading volume and buying pressure strengthen.

A sustained daily close above $1,924 would provide an early indication that bulls are gaining control.

Ethereum’s momentum indicators support a cautiously optimistic outlook. The Relative Strength Index stands near 56, above its neutral midpoint of 50. 

This reading points to steady bullish momentum while remaining comfortably below the overbought threshold of 70.

The RSI therefore leaves Ethereum with room to advance before the rally becomes technically overstretched.

Meanwhile, the Moving Average Convergence Divergence line remains slightly negative but continues to improve. This setup indicates that bearish momentum is weakening, although it does not yet confirm a fully established bullish trend.

Together, the RSI and MACD suggest that buyers are gradually strengthening their position.

Ethereum faces its first immediate resistance at the 100-day EMA near $1,924. A decisive move above this level could clear the way toward the psychological and horizontal resistance at $2,000. 

This area will likely represent a significant test because round-number levels often attract increased selling and profit-taking.

A sustained breakout above $2,000 would improve Ethereum’s technical structure and bring the 200-day EMA at approximately $2,124 into focus.

The 200-day EMA is particularly important because it serves as a broader measure of the long-term trend. ETH would need to reclaim this level to signal a more significant bullish reversal.

Ethereum’s recovery faces three major overhead barriers:

• The 100-day EMA at $1,924
• The psychological resistance at $2,000
• The 200-day EMA at $2,124

Breaking through $1,924 would strengthen the short-term outlook, while a move above $2,000 could attract additional buying interest.

However, the 200-day EMA at $2,124 remains the broader trend cap. Failure to clear this moving average could leave Ethereum vulnerable to renewed selling pressure after any short-term rally.

The current pivot area around $1,918 provides Ethereum’s initial support. If ETH loses this level, the 50-day EMA at $1,864 would become the next important defensive zone. Buyers must protect this moving average to preserve the constructive short-term structure.

A decisive break below $1,864 could weaken momentum and increase the risk of a deeper correction. In that scenario, the distant horizontal support at $1,385 could eventually come into focus, although intermediate support levels may slow the decline.

For now, Ethereum maintains a mildly bullish bias above the 50-day EMA. A confirmed close above $1,924 is needed to open the path toward $2,000 and potentially the 200-day EMA at $2,124.

The post Ethereum holds above $1,900 as bulls target the $2,000 resistance appeared first on CoinJournal.

Key takeaways

• Pi Network is testing a breakout from a short-term triangle near $0.085.
• RoboPay has added Pi Network as a payment partner for robot-based services.
• PI futures Open Interest increased to $8.82 million, indicating steady speculative demand.

Pi Network (PI) edges higher on Wednesday as the token attempts to break out of a short-term triangle pattern near $0.085.

The recovery comes amid improving momentum indicators, steady derivatives demand, and a new payment partnership with RoboPay. However, PI remains confined within a broader falling channel and must overcome resistance near $0.09 to establish a stronger bullish trend.

RoboPay adds Pi Network as payment partner

Fabric Foundation announced on Wednesday that Pi Network had joined RoboPay as a payment partner.

The integration will allow Pi users to pay for robot-powered services using PI tokens. Potential applications include deliveries, security patrols, inspections, and services performed by humanoid robots.

The partnership represents another potential real-world use case for PI and could support adoption if the services gain traction among Pi Network users.

However, the longer-term effect will depend on the scale of RoboPay’s operations, user demand and the availability of supported services.

Speculative demand for Pi Network remains relatively stable this week. CoinAnk data shows that PI futures Open Interest increased to $8.82 million on Wednesday from $8.51 million the previous day.

The increase indicates that the value of active perpetual futures contracts is rising as traders build new positions. While this signals growing market participation, Open Interest alone does not reveal whether those positions are predominantly bullish or bearish.

Pi Network tests triangle resistance

PI is extending its modest recovery and testing the upper resistance trend line of a short-term triangle pattern near $0.085.

The triangle has developed within a larger descending channel, meaning the token remains under pressure from the broader bearish structure. An additional downtrend line near $0.09 strengthens the resistance zone immediately above the current price.

A confirmed breakout from the smaller triangle would improve the near-term outlook, but PI must surpass the wider resistance cluster near $0.09 to restore a more convincing bullish trend.

The Moving Average Convergence Divergence and its signal line are trending modestly higher, pointing to early signs of improving upside momentum.

Meanwhile, the Relative Strength Index has recovered to 44. Although it remains below the neutral 50 level, its upward movement indicates that bearish momentum is beginning to fade.

The indicators support a mildly bullish short-term bias but do not yet confirm that buyers have regained full control.

A decisive close above the overhead trend lines around $0.09 could strengthen PI’s recovery and bring the 127.2% Fibonacci extension at $0.0961 into focus.

Clearing that level would provide further evidence that the short-term trend is shifting in favor of buyers.

If PI fails to break above the triangle and descending-channel resistance, the token could retreat toward the record low of $0.07. This support area is reinforced by the 161.8% Fibonacci extension at $0.0679.

A sustained break below that zone would invalidate the developing recovery and signal a continuation of the broader downtrend.

The post Pi Network tests triangle breakout as RoboPay partnership boosts adoption appeared first on CoinJournal.