Bitcoin near $63,000 as US‑Iran tensions keep crypto under pressure

Bitcoin held above $63,000 on Monday despite fresh US‑Iran military strikes, leaving the broader crypto market in a risk‑averse, bearish technical stance [1].

Market reaction to US‑Iran tensions

The latest round of airstrikes by the United States and retaliatory attacks by Iran kept risk sentiment low, with the Fear & Greed Index stuck in fear territory at 28 on Monday, only marginally above 26 the day before [1]. A similar pattern was seen earlier in the week when the index was at 22, reflecting extreme fear amid ongoing hostilities [2]. The heightened geopolitical risk also pushed crude oil prices toward $74 per barrel, reinforcing the broader aversion to risk assets.

Technical outlook for Bitcoin, Ethereum and XRP

Bitcoin remains trapped below a cluster of exponential moving averages (EMAs) spanning $65,200 to $74,600, with the 50‑day EMA at $65,200 acting as the nearest resistance. The Relative Strength Index has slipped into the high‑40s, indicating waning bullish momentum, while the MACD histogram stays slightly positive but flat, suggesting that upside attempts are struggling to gain traction [1]. Immediate support sits on a descending trendline around $62,170, with the Parabolic SAR zone near $61,230 providing a deeper floor if the price falls below the trendline.

Ethereum trades just under the $1,800 50‑day EMA, with the next resistance level at $1,800 and the 100‑day EMA near $1,947. Momentum indicators are mildly constructive—RSI hovers around 55 and the MACD remains positive—yet the token is still confined beneath a dense EMA band that caps upside potential [1][2]. Support is anchored near $1,700, reinforced by a Parabolic SAR print at $1,705.

Ripple (XRP) is perched at $1.08, well below its 50‑day EMA and the broader EMA suite that stretches above $1.12. The RSI sits near 42, reflecting subdued buying pressure, while a marginally positive MACD histogram offers limited downside protection. Immediate resistance is at the channel top around $1.12, with the 50‑day EMA near $1.16, and support aligns with the Parabolic SAR at $1.04; a break below would expose the channel bottom near $0.78 [1].

What to watch

• Bitcoin: watch the $62,170 trendline support and the $65,200 50‑day EMA resistance for potential breakout or breakdown.
• Ethereum: monitor the $1,800 resistance and $1,700 support levels, especially if the MACD stays positive.
• XRP: keep an eye on the $1.04 SAR support and the $1.12 channel‑top resistance.
• Fear & Greed Index: a shift out of the fear zone could signal a change in market risk appetite.

The persistence of US‑Iran hostilities continues to anchor crypto prices near key technical levels, leaving the market poised for a decisive move should either the geopolitical backdrop soften or a breakout breach one of the identified support or resistance zones.