Technical Analysis

U.S. spot Bitcoin ETFs took in $85.85 million on June 12 after five straight days of outflows, while Bitcoin traded around $63,750 after a 1.30% 24-hour rise. Trading volume slid 16% to $24.07 billion, even as derivatives metrics pointed to a more bullish tilt. BTC is nearing a key barrier at $63,900, with a daily close above $64,000 framed as the trigger for a potential move toward $69,500.

Bitcoin is still facing heavy selling after breaking down from a rising channel and losing the $70K psychological level, even as buyers have defended the $60K area so far. Analysts outline resistance at $65K–$68K and $72K–$74K, while a failure to hold $60K could reopen downside toward the $51K support cluster. On-chain data also shows stress, with the UTXOs in Profit (%) metric falling to roughly 50%.

Glassnode said on-chain indicators suggest speculative demand for Bitcoin exposure via traditional market vehicles is weakening, with activity falling across spot ETFs and bitcoin treasury companies. The firm cited a drop in the 30-day SMA of U.S. spot ETF volume from $4.4B per day in October 2025 to about $0.96B currently, alongside a decline in treasury-company trading from $34.2B per day in December 2025 to $17.4B now. It also noted spot demand has softened as BTC traded near $62,500 at publication time, down 22% from $80,900 a month earlier.

On June 13, 2026, Bitcoin traded around $64,200 as derivative data pointed to a broad leverage reset, with open interest reduced from above $90B to near $50B and funding close to neutral. Short-term holders remained under pressure, with BTC below the STH realized price near $75,000, implying roughly 15% unrealized losses for recent buyers. The setup describes heavy stress among newer holders but does not, by itself, confirm a market bottom.

Internet Computer continues to trade around $2.5 after spending nearly two years in a steep descending channel, even as its on-chain activity accelerates. The network is processing about 6.7K TPS and logged roughly 75.7 billion transactions over the past 180 days, but technical structure still points to a bearish bias. A sustained push above $3.00 could shift momentum toward $4.00–$4.50, while a drop below $2.20–$2.30 may put $1.80–$2.00 in focus.

ChatGPT-generated projections put XRP near $1.24 on July 1, 2026, implying about 9% upside from the $1.15 area. The outlook models three paths: a $1.18–$1.32 base range (50% probability), a $0.98–$1.10 bearish band (30%), and a $1.40–$1.65 bullish case (20%). XRP was last cited at $1.15, up about 1.6% on the day and over 5% on the week.

On June 13, 2026, DeXe Protocol's DEXE traded around $17.19 after falling roughly 27% from a recent weekly high near $23.50. The move followed a sharp run-up—up 126% in April and another 43.9% into early June—with the pullback accelerated by derivatives liquidations and limited spot liquidity. Traders are monitoring support at $17.82, while resistance is seen in the $19.25–$20.34 zone.

DeXe (DEXE) fell 11.08% over the past 24 hours, while daily trading volume slid 27.9% even as an RSI bearish divergence emerged. Over the past week, the crypto AI sector rose 7.9% versus Bitcoin's 4.1%, keeping a broader bullish structure intact despite the near-term pullback risk.

Litecoin (LTC) has stayed inside a $40–$44 band for seven straight days after dropping to $40, keeping price action muted near $44. Over the past five months, wallets holding at least 10K LTC rose 7% to 648, while activity hovered near 300k daily addresses and hit 287k on June 12. Even with LitVM-related demand signals and a Stock-to-Flow Ratio peak of 278, DMI readings (ADX 55, -DI 30, +DI 6) still point to strong downside pressure.

Bitcoin rebounded above $60,000 after sliding from $73,978 on June 1 to $59,073 on June 5, and was trading at $63,790 at press time. Analysts are focusing on MVRV Pricing Bands, with Ali highlighting a historical floor near $43,200 around the 0.8 band, while Geoffrey Kendrick said the cycle bottom may have formed around $59,000.