«Bitcoin has been rejected above $64,000 and has dropped to its previous consolidation range at $63,000. The asset remains range-bound, even as spot ETFs experienced outflows yesterday. Looking ahead, a decisive weekly close above $64,000 could trigger a rally towards $65,000. However, if this level fails to hold during a retest, a pullback to $62,000 may occur,» said Vikram Subburaj, CEO of Giottus.
Other altcoins, including XRP (-0.7%), Toncoin (-0.9%), Avalanche (-1.5%), Shiba Inu (-1%), and Litecoin (-2%), saw declines. Conversely, BNB, Solana, Dogecoin, Cardano, and NEAR Protocol experienced gains of up to 7%.
«In the last 24 hours, Bitcoin traded sideways following its recent upward movement, while most other tokens continued to rise. AI tokens like TAO and NEAR outperformed the market. For Bitcoin, holding above the $61,750 level is crucial for maintaining its current position,» noted the CoinDCX Research Team.
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View Details»Edul Patel, CEO of Mudrex, stated, «Bitcoin needs to surpass the new resistance at $64,500 to trigger another
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