Schlagwort: crypto business

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Bitcoin remains under pressure below $63K as US-Iran negotiation uncertainty persists

Key takeaways

  • Bitcoin remained under pressure after Iran announced that it would not permit inspectors from the International Atomic Energy Agency (IAEA) to access its damaged nuclear facilities, 
  • The leading cryptocurrency has dropped to the $62,300 level, down 3.5% in the last 24 hours. 

Bitcoin (BTC) continued to trade below the $63,000 level on Tuesday as mixed signals from the United States and Iran regarding nuclear negotiations kept geopolitical tensions elevated. At the same time, ongoing institutional selling and continued outflows from spot Bitcoin exchange-traded funds (ETFs) limited the cryptocurrency’s upside potential despite diplomatic efforts.

Conflicting US-Iran signals weigh on market sentiment

Bitcoin remained under pressure after Iran announced that it would not permit inspectors from the International Atomic Energy Agency (IAEA) to access its damaged nuclear facilities, raising fresh concerns about the progress of ongoing negotiations.

Iranian Foreign Ministry spokesperson Esmaeil Baghaei stated that no meeting had taken place between Iranian officials and IAEA Director General Rafael Grossi in Switzerland. The comments contradicted earlier remarks from US Vice President JD Vance, who suggested the talks included agreements related to IAEA inspections.

“There was no protocol for such inspections,” Baghaei said.

While US President Donald Trump and Vice President Vance have expressed optimism about the progress of nuclear discussions, Iranian officials maintain that no new commitments have been made. The conflicting narratives have renewed uncertainty surrounding negotiations between Washington and Tehran, encouraging investors to remain cautious and reducing appetite for risk assets such as cryptocurrencies.

Markets may also experience heightened volatility due to a major quarter-end portfolio rebalancing event.

Analysts at JPMorgan estimate that institutional investors could sell approximately $165 billion worth of equities while purchasing a similar amount of bonds before the end of the second quarter. Such a large-scale asset reallocation would represent the biggest shift in at least four years and could create significant volatility across multiple asset classes.

Institutional demand for Bitcoin continues to weaken as spot Bitcoin ETFs recorded additional outflows at the start of the week.

Data from CoinGlass shows that spot Bitcoin ETFs experienced net outflows of $68.30 million on Monday, following $226.84 million in withdrawals during the previous week. The latest figures mark the sixth consecutive week of net outflows.

Although Monday’s withdrawals were smaller than those recorded in recent weeks, the persistent trend continues to weigh on Bitcoin’s price outlook. Analysts warn that a further acceleration in outflows could trigger a deeper correction in the market.

Bitcoin price outlook: $64K remains key resistance

Bitcoin was trading near $62,350 at the time of writing, maintaining a bearish short-term outlook as the asset remains below several key Exponential Moving Averages (EMAs).

The cryptocurrency faced rejection at the important horizontal resistance level of $64,004 on Monday, highlighting the market’s inability to sustain upward momentum.

Technical indicators present a mixed picture. The Relative Strength Index (RSI) remains subdued near 34, signaling weak momentum. 

However, the Moving Average Convergence Divergence (MACD) histogram remains in positive territory, suggesting that selling pressure may be easing rather than accelerating.

On the upside, Bitcoin’s first major hurdle remains the $64,004 resistance level. A successful breakout could open the door for a move toward the 50-day EMA at $68,821 and the 100-day EMA at $71,922.

BTC/USD 4H Chart

Beyond these levels, the 200-day EMA at $77,528 and the horizontal resistance zone near $84,410 represent significant medium-term barriers.

On the downside, traders are closely monitoring the psychological $60,000 level. A decisive daily close below this support could trigger a deeper corrective phase and increase downside risks in the near term.

The post Bitcoin remains under pressure below $63K as US-Iran negotiation uncertainty persists appeared first on CoinJournal.

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Hedera (HBAR) price compresses in tight range as breakout nears

  • Hedera (HBAR) price is currently consolidating in a tight range.
  • A falling wedge pattern is forming on the 15-minute chart.
  • A confirmed move above the wedge resistance zone near $0.0815 would signal a rebound.

Hedera (HBAR) has been trading in a narrow range, with price action showing repeated compression around key short-term levels.

At the time of writing, HBAR was trading at $0.0801, moving within a 24-hour range of $0.07801 to $0.0803.

The market has shown minimal directional strength today, with a 24-hour change of +0.1%, reflecting near-flat momentum.

While the token has seen a mild gain today, it continues to show weakness across longer timeframes.

HBAR is down 2.4% over the past 7 days, 6.7% over the past 30 days, and approximately 39.9% over the past year.

This extended decline places current price action in a longer consolidation phase rather than a sustained recovery trend.

Tight consolidation dominates short-term structure

Looking at the charts, the lower boundary around $0.0780 has acted as consistent support, while upside movement has been capped near $0.0803–$0.0810.

This compressed structure has resulted in a tightly controlled trading environment where volatility is declining.

Each minor rebound has been followed by rejection at nearby resistance, while dips continue to attract buyers at similar levels.

The result is a market that is neither trending upward nor breaking down decisively, but instead moving sideways in a constrained channel.

Falling wedge formation

On lower timeframes, particularly the 15-minute chart, HBAR is forming a clearly defined falling wedge pattern.

Hedera price chart

The pattern is characterised by two downward-sloping trendlines that converge as price action tightens.

The lower boundary of this wedge sits near $0.0780, a level that has been tested multiple times without a breakdown.

Each retest has produced short rebounds, indicating that selling pressure is gradually weakening at this zone.

The upper boundary of the wedge is positioned around $0.0805 to $0.0815, where repeated rejection has occurred.

The price is gradually compressing toward the apex of this structure, a phase often associated with directional expansion once a breakout occurs.

Hedera price forecast

The current technical framework places clear importance on two primary levels.

On the upside, a confirmed move above the wedge resistance zone near $0.0815 would represent the first sign of a bullish rebound.

If followed by sustained momentum, short-term projections indicate a move toward $0.0830, with extended targets around $0.0840 to $0.0850.

On the downside, a breakdown below $0.0780 would invalidate the current wedge structure.

Such a move would expose lower liquidity zones and extend the existing bearish consolidation phase.

However, at present, price remains positioned almost exactly between these two thresholds, reinforcing the compression narrative.

The post Hedera (HBAR) price compresses in tight range as breakout nears appeared first on CoinJournal.

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Solana price reclaims $74, nearing a major breakout zone

  • Solana (SOL) is stuck between $72 support and $76 resistance.
  • Solana’s price action shows a tight range with possible short-term rejection risk.
  • $90 remains the key breakout level for a stronger bullish move.

Solana has moved back above the $74 level after a period of sideways trading, putting the asset close to a key technical zone that traders have been watching for several days.

The latest gains come after a gradual recovery from the lower $70 range, where price repeatedly found support before pushing higher.

Is this a correction within a larger bearish trend?

Recent price action shows Solana compressing inside a well-defined range between $62.08 and $76.00.

This range has become the main battleground for buyers and sellers, with repeated reactions near both ends.

On the lower side, support has been consistently observed around $69.50 and $62.08, where buying interest has prevented deeper declines.

On the upper side, resistance is clustered between $76.00 and $83.00, a zone that has rejected multiple upward attempts in recent sessions.

Solana price chart

Some short-term technical analysis, however, suggests that the current upward move may still be part of a broader corrective phase within a larger bearish structure.

Market analysis highlights the possibility of a short squeeze toward the $76 region, followed by a rejection if bulls fail to maintain momentum above resistance.

If price is rejected from this zone, downside pressure could return quickly, with initial support at $69.50, followed by the lower boundary near $62.08.

The $76–$90 range is now the key decision area

While short-term resistance sits near $76, higher timeframe analysis places a more important threshold at the $90 level.

This zone has been highlighted as a structural breakout point that could determine whether Solana transitions into a stronger upward trend or remains in consolidation.

A move above $90 could open room toward the $100 to $114 range, which has been identified as the next liquidity zone on higher timeframes.

However, failure to break this level would likely keep price action trapped in a broader corrective environment.

At the same time, one technical interpretation suggests that the current movement is still part of a countertrend rally within a wider bearish cycle in the crypto market.

Under this scenario, upward moves into resistance zones are viewed as temporary expansions designed to capture liquidity before potential reversals.

This conflict between breakout potential and bearish continuation has created a split in analyst expectations.

The $90 level now acts as the line between the continuation of the recovery and renewed consolidation.

Morgan Stanley’s Solana ETF adds a layer of optimism

Beyond technical levels, institutional developments are also shaping sentiment around Solana.

Morgan Stanley has reportedly advanced filings for proposed spot Solana and Ethereum exchange-traded funds (ETFs, with a proposed management fee of 0.14%, which would place them among the lowest-cost crypto ETF proposals currently under consideration.

The structure of these proposed products includes staking mechanisms, in which a large portion of staking rewards would be returned to investors after operational costs are covered.

Although these ETFs are not yet approved, the filings signal increasing institutional interest in structured Solana exposure through regulated financial instruments.

The post Solana price reclaims $74, nearing a major breakout zone appeared first on CoinJournal.

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Bitcoin holds above key support as momentum indicators hint at stabilization

Key takeaways

  • Bitcoin (BTC), Ethereum (ETH), and XRP are starting the week on a more stable footing after last week’s declines.
  • BTC is trading above $64,000 but remains below major moving averages, keeping the broader trend bearish.

Crypto market opens new weekly candle with signs of stability

Bitcoin, Ethereum, and XRP are showing resilience at the start of the week after experiencing notable declines during the previous trading period.

Bitcoin fell nearly 4% last week, while Ethereum and XRP dropped approximately 2% and 6%, respectively. 

Despite the weakness, all three assets have stabilized, with Bitcoin trading above $64,000, Ethereum holding the critical $1,700 support level, and XRP consolidating near $1.13.

For Bitcoin, traders are closely watching technical indicators for clues about whether the recent recovery can develop into a broader rebound.

Bitcoin remains below major resistance levels

Bitcoin is currently trading around $64,000, but the broader technical outlook remains cautious. BTC continues to trade below its key moving averages, 50-day EMA: approximately $69,106, 100-day EMA: approximately $72,123, and 200-day EMA: approximately $77,748.

The fact that Bitcoin remains below all three indicators suggests that sellers still maintain control of the broader trend.

Adding to the bearish outlook, BTC recently broke below a rising trendline that had previously supported the market. That trendline, now acting as resistance near $74,238, reinforces the view that Bitcoin remains in a corrective phase.

Although the overall trend remains weak, some technical indicators suggest that downside momentum may be slowing.

The Relative Strength Index (RSI) has rebounded from deeply oversold levels and is currently hovering in the high-40 range.

This improvement indicates that selling pressure has eased, but the indicator remains around the neutral 50 mark, meaning a clear bullish reversal has not yet been confirmed.

The Moving Average Convergence Divergence (MACD) indicator remains in positive territory, which is generally supportive for prices.

For Bitcoin to regain bullish momentum, buyers must overcome several resistance zones, including $69,106 (50-day EMA), $72,123 (100-day EMA), and $77,748 (200-day EMA).

BTC/USD 4HChart

A move above these levels would significantly improve the technical outlook and potentially signal the end of the current correction.

On the downside, the first major support level remains at $64,005.A decisive break below this area could expose Bitcoin to further losses and extend the existing downtrend.

The post Bitcoin holds above key support as momentum indicators hint at stabilization appeared first on CoinJournal.

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Ethereum faces renewed downside risk as Fed concerns weigh on market sentiment

Key takeaways

  • Ethereum (ETH) has rebounded about 4% over the past week, but overall market sentiment remains weak.
  • Hawkish signals from the Federal Reserve have reduced expectations for interest rate cuts and increased pressure on risk assets.

Ethereum recovery faces macro headwinds

Ethereum has posted a modest 4% recovery over the past seven days as the broader cryptocurrency market staged a technical rebound. 

However, the bounce has done little to improve overall sentiment, which remains under pressure from worsening macroeconomic conditions.

Investor confidence took another hit after recent comments from Federal Reserve Chairman Kevin Warsh signaled a tougher stance on inflation. 

His remarks suggested that monetary policy could remain restrictive for longer, fueling concerns that interest rate hikes may still be on the table.

The shift has challenged earlier expectations that the Federal Reserve would begin cutting rates this year, creating a less favorable environment for risk assets such as cryptocurrencies.

Earlier in the year, many analysts expected one or two rate cuts from the Federal Reserve. Those expectations have weakened significantly as inflation continues to run above the central bank’s target.

Warsh’s comments reinforced concerns that policymakers remain focused on controlling inflation, even if tighter monetary conditions weigh on financial markets.

Historically, higher interest rates reduce liquidity and investor appetite for speculative assets, making cryptocurrencies particularly vulnerable during periods of monetary tightening.

Ethereum struggles at key resistance level

Ethereum’s recent recovery stalled near the $1,800 level, an area that previously served as support but has now become a significant resistance zone.

If selling pressure continues and ETH fails to reclaim $1,800, the next major support level sits near the April 2025 low of $1,400.

A move to that level would represent roughly an 18% decline from current prices and further deepen Ethereum’s yearly losses.

Among the largest cryptocurrencies, Ethereum has been one of the weakest performers, even lagging behind competitors such as Solana during the current market cycle.

The Relative Strength Index (RSI) has improved from oversold conditions but remains weak.

Currently hovering around 40, the indicator is approaching levels that could reinforce bearish momentum if selling pressure increases.

ETH/USD 4H Chart

From a broader technical perspective, Ethereum’s weekly chart continues to reflect a fragile market structure.

Unless buyers successfully push the price above $1,800, analysts expect the downtrend to remain intact, increasing the likelihood of a retest of lower support zones.

The post Ethereum faces renewed downside risk as Fed concerns weigh on market sentiment appeared first on CoinJournal.