Crypto Market Overview: Bitcoin holds at $63,000 – WLD, WLFI lead gains

Bitcoin (BTC) trades around $63,000 on Monday, edging higher after a 3% decline last week. Risk-off sentiment persists in the crypto market amid Israeli attacks on Lebanon and US plans for fresh sanctions on Iran. Still, Worldcoin (WLD) and World Liberty Financial (WLFI) are extending their near-term gains, emerging as top performers over the last 24 hours.

CoinMarketCap’s Fear and Greed Index at 37 on Monday suggests a persistent risk-averse condition among crypto investors.

Technical outlook: Will Bitcoin hold its ground near $63,000?

Bitcoin maintains a bearish near-term bias as it trades below the 50-day Exponential Moving Average (EMA) near $64,306, supported by the former rising support trendline near $64,300.

From a technical perspective, Bitcoin must reclaim the short-term moving average near $64,306 to sustain a recovery toward the June 3 high at $67,516.

Momentum remains soft, with the Relative Strength Index (RSI) hovering near 44 and the Moving Average Convergence Divergence (MACD) negative and below the signal line, suggesting prevailing downside pressure.

On the downside, the immediate support aligns with the July 6 low at $61,307.

Technical outlook: Could WLD and WLFI extend their gains?

Worldcoin extends its short-term recovery on Monday, trading above the 50-day EMA at roughly $0.3605, tilting the near-term bias to neutral-bullish as it remains above this dynamic support. Still, WLD remains below the 200-day EMA at $0.4284, reflecting the longer-term bearish bias.

The altcoin could face resistance near the 50% retracement of the recent upswing from $0.2267 to $0.5498, at $0.4048.

Momentum supports this constructive tone as RSI hovers near 59 and the MACD rises with its signal line and expanding bullish histogram.

Looking down, initial support is seen at the 50-day EMA near $0.3605, with the 78.6% Fibonacci retracement of the latest swing at $0.2905 acting as a deeper floor ahead of the prior cycle low zone around the 100% retracement at $0.2267.

World Liberty Financial extends gains above the $0.0500 psychological level on Monday, following an 11% jump last week. WLFI hovers above the 50-day EMA at $0.0567, following the breakout of the downward trendline at $0.0541, suggesting a constructive near-term bias despite trading well below the 200-day EMA at $0.0840, which still defines the broader cap.

Momentum is firm, with the RSI hovering near 69 as buying pressure resurfaces, while the MACD and signal line rise higher, with the histogram expanding positively, hinting that buyers remain in control.

The immediate resistance levels for WLFI are the June 4 high of $0.0638 and the May 7 high of $0.0763.

Looking down, the 50-day EMA at $0.0567 and the broken trendline near $0.0541 emerge as crucial support levels.

(The technical analysis of this story was written with the help of an AI tool. Know more.)