Blab Crypto
Bitcoin Holds Above $60,000 as Fear-Greed Index Remains Extreme Fear; Curve DAO, World Liberty Financial, and Monero Lead Altcoin Gains
Bitcoin closed Thursday trading above $62,200, holding a mild consolidation above the $60,000 psychological level after a brief slip below that mark on Friday. The Crypto Fear & Greed Index, which aggregates price volatility, volume, and momentum, stayed at 15, indicating extreme fear among investors. The index has remained below 20 for the week, reflecting a risk‑off mood in the broader market.
Technical indicators paint a bearish near‑term picture for Bitcoin. The Relative Strength Index (RSI) sits at 27, well below the 30 oversold threshold, and the Moving Average Convergence Divergence (MACD) line and signal line are both negative, suggesting continued bearish pressure. The 50‑, 100‑, and 200‑day Exponential Moving Averages (EMAs) lie above the current price, acting as layered resistance. A prior rising trendline that broke near $72,263.53 reinforces a supply zone above the 50‑day EMA at $71,650 and the broken trendline near $72,264.
Support for Bitcoin is anchored at the $60,000 level. A sustained break below this floor could trigger deeper losses, while holding above it may allow an oversold bounce toward the resistance band. The next key resistance points are the $65,000 round figure, the 50‑day EMA near $71,650, and the broken trendline near $72,264.
Among altcoins, Curve DAO (CRV) posted an 8% gain, marking its sixth consecutive day of recovery. The token trades below its 100‑ and 200‑day EMAs at $0.2421 and $0.3045, respectively, but is above the 50‑day EMA at $0.2227. The RSI is near 57, indicating increasing buying pressure, and a positive MACD crossover above its signal line suggests a rebound in bullish momentum. Immediate resistance for CRV is the 50% Fibonacci retracement at $0.2316, followed by the 100‑day EMA at $0.2421. Support lies at the 50‑day EMA ($0.2227) and the 38.2% Fibonacci level at $0.1990.
World Liberty Financial (WLFI) showed a neutral‑to‑slightly constructive trend, consolidating above its 50‑ and 100‑period EMAs at $0.0575 and $0.0586. The MACD and signal line are above zero, and the RSI at 61 sits above the midline, supporting a mild bullish bias. Resistance for WLFI is near the descending trend‑line break area at $0.0605, with a more significant cap at the 200‑period EMA around $0.0618. Support is at the 100‑period EMA ($0.0586) and the 50‑period EMA ($0.0575). A break below the 50‑period EMA would undermine the current positive stance.
Monero (XMR) traded around $340, following a 7% jump the previous day. The token remains below its 50‑day EMA at $361 and the 100‑ and 200‑day EMAs at $367, creating a dense resistance cluster. The RSI hovers near 47, and the MACD is negative, though its latest uptick suggests easing downside pressure. Initial resistance for XMR is the 23.6% Fibonacci retracement of the broader downswing at $355, followed by the 50‑day EMA at $361. Support is at the prior swing low near $276.56, with no closer Fibonacci or moving‑average floors.
The technical analysis presented here was generated with the assistance of an AI tool. A correction was made on June 11 at 04:10 GMT to replace the earlier reference to “ELFI” with the correct ticker “WLFI.”
In summary, Bitcoin remains anchored above $60,000 amid extreme fear sentiment, while Curve DAO, World Liberty Financial, and Monero are the leading altcoins by price performance over the last 24 hours. The market continues to exhibit a risk‑off stance, with key support and resistance levels identified for each asset. Investors and traders will watch the $60,000 floor for Bitcoin and the EMA clusters for the altcoins to gauge potential short‑term direction.
Technical indicators paint a bearish near‑term picture for Bitcoin. The Relative Strength Index (RSI) sits at 27, well below the 30 oversold threshold, and the Moving Average Convergence Divergence (MACD) line and signal line are both negative, suggesting continued bearish pressure. The 50‑, 100‑, and 200‑day Exponential Moving Averages (EMAs) lie above the current price, acting as layered resistance. A prior rising trendline that broke near $72,263.53 reinforces a supply zone above the 50‑day EMA at $71,650 and the broken trendline near $72,264.
Support for Bitcoin is anchored at the $60,000 level. A sustained break below this floor could trigger deeper losses, while holding above it may allow an oversold bounce toward the resistance band. The next key resistance points are the $65,000 round figure, the 50‑day EMA near $71,650, and the broken trendline near $72,264.
Among altcoins, Curve DAO (CRV) posted an 8% gain, marking its sixth consecutive day of recovery. The token trades below its 100‑ and 200‑day EMAs at $0.2421 and $0.3045, respectively, but is above the 50‑day EMA at $0.2227. The RSI is near 57, indicating increasing buying pressure, and a positive MACD crossover above its signal line suggests a rebound in bullish momentum. Immediate resistance for CRV is the 50% Fibonacci retracement at $0.2316, followed by the 100‑day EMA at $0.2421. Support lies at the 50‑day EMA ($0.2227) and the 38.2% Fibonacci level at $0.1990.
World Liberty Financial (WLFI) showed a neutral‑to‑slightly constructive trend, consolidating above its 50‑ and 100‑period EMAs at $0.0575 and $0.0586. The MACD and signal line are above zero, and the RSI at 61 sits above the midline, supporting a mild bullish bias. Resistance for WLFI is near the descending trend‑line break area at $0.0605, with a more significant cap at the 200‑period EMA around $0.0618. Support is at the 100‑period EMA ($0.0586) and the 50‑period EMA ($0.0575). A break below the 50‑period EMA would undermine the current positive stance.
Monero (XMR) traded around $340, following a 7% jump the previous day. The token remains below its 50‑day EMA at $361 and the 100‑ and 200‑day EMAs at $367, creating a dense resistance cluster. The RSI hovers near 47, and the MACD is negative, though its latest uptick suggests easing downside pressure. Initial resistance for XMR is the 23.6% Fibonacci retracement of the broader downswing at $355, followed by the 50‑day EMA at $361. Support is at the prior swing low near $276.56, with no closer Fibonacci or moving‑average floors.
The technical analysis presented here was generated with the assistance of an AI tool. A correction was made on June 11 at 04:10 GMT to replace the earlier reference to “ELFI” with the correct ticker “WLFI.”
In summary, Bitcoin remains anchored above $60,000 amid extreme fear sentiment, while Curve DAO, World Liberty Financial, and Monero are the leading altcoins by price performance over the last 24 hours. The market continues to exhibit a risk‑off stance, with key support and resistance levels identified for each asset. Investors and traders will watch the $60,000 floor for Bitcoin and the EMA clusters for the altcoins to gauge potential short‑term direction.
