Bitcoin Holds $64K as ETF Outflows Ease, Altcoins Gain

Key Moments

Bitcoin Holds Support as ETF Pressure Moderates

Bitcoin (BTC) is hovering above $64,000 at press time on Tuesday, consolidating after a drop of roughly 4% last week. Recent flows data indicates that institutional selling through Bitcoin-focused exchange traded funds (ETFs) has moderated, which may support broader market stabilization.

Bitcoin ETFs had previously logged four straight weeks of more than $1 billion in outflows during May and early June. That pace has slowed, with $226 million in outflows recorded last week and $315 million the week before.

A similar pattern is visible in Ethereum (ETH) products. Ethereum-focused ETFs have now seen six consecutive weeks of outflows, including $10.05 million last week and $14.91 million the previous week.

Technical Picture for BTC: Mixed Signals Around Key Levels

From a technical perspective, Bitcoin shows a conflicted near-term outlook. The price remains below the 50-day Exponential Moving Average (EMA) at roughly $68,889 and the 200-day EMA near $78,623, while still trading above a short-term ascending support trendline.

Momentum indicators are providing a mixed message on the daily chart. The Moving Average Convergence Divergence (MACD) is printing positive histograms and its average lines are rising, but the Relative Strength Index (RSI) sits around 41, under the neutral zone, implying that any recovery attempts may still encounter selling interest.

On the upside, the first technical hurdle is near the 50-day EMA at about $68,889, where any bounce is likely to be challenged. Above that, attention shifts to the reclaimed bearish rising trendline in the area of $73,439, with the 200-day EMA around $78,623 acting as a more distant resistance zone.

On the downside, immediate support is derived from the recent upward trend configuration around $63,341. A more pronounced pullback would turn focus to the $60,000 region, a key psychological and structural level where buyers have previously stepped in to defend the broader bullish setup.

DeXe (DEXE) Extends Strong Upswing

DeXe (DEXE) continues to outperform, rising more than 18% on Tuesday and adding to a 32% surge from the previous day. The token is trading comfortably above its 50-day EMA around $16.13 and its 200-day EMA near $10.67, moving toward the June 3 peak at $24.49.

The RSI is near 60, reflecting constructive but not overheated momentum, while the MACD line is climbing toward its signal line, setting up a possible bullish crossover. This configuration points to a still-positive tone, suggesting a moderating but intact bullish impulse rather than signs of clear exhaustion.

On the topside, the next notable resistance level coincides with a key Fibonacci reference around $24.49. A decisive break above this zone would reopen scope for new cycle highs, with further Fibonacci extension barriers at $31.40 (127.2% extension) and $43.08 (161.8% extension).

On the downside, initial support is located at the 78.6% Fibonacci retracement at $20.14, followed by the 50% retracement level at $15.50.

Celestia (TIA) Builds on Rebound From 50-day EMA

Celestia (TIA) is up more than 3% at press time on Tuesday, extending a 5% advance from the prior day off its 50-day EMA at $0.3738. The latest move higher has been accompanied by an improvement in momentum, with the RSI moving toward 56 and both the MACD and its signal line rising into positive territory. This setup indicates that buyers retain short-term control as long as the price stays above the 50-day EMA.

On the upside, initial resistance is located at the 50% retracement of the decline from $0.6257 to $0.2693, at $0.4104. Above that, a more robust supply zone is seen between $0.4596 and $0.4722.

On the downside, immediate support is clustered around the 50-day EMA at $0.3738. A break below that level would open the door to the 23.6% retracement at $0.3285. Only a more substantial drop toward the $0.2693 swing low would significantly challenge the constructive short-term bias.