$BITCOIN #USAndJapanJointlyInterveneToBuyYen BessentWeighs$5BTo$10BYenPurchase Current price: Around $63,000 after falling to a two-week low amid weaker market sentiment.
The Economic Times +1
Trend: Bitcoin is trading below the key $65,000 resistance, indicating short-term selling pressure.
CoinMarketCap +1
Support: $62,500–63,000
Major support: $61,000
Resistance: $64,500–65,000
Bullish confirmation: A daily close above $65,000 could open the way toward $67,000–68,000.
Bearish confirmation: Losing $62,500 could lead to a move toward $61,000 or lower.
CoinMarketCap +1
Technical summary:
RSI is around the neutral zone, showing no strong momentum.
Bitcoin remains in a consolidation range, and traders are waiting for a decisive breakout.
Institutional sentiment has weakened recently, contributing to the pullback.
Investors +1
Trading outlook: Wait for a confirmed breakout above $65,000 before turning bullish. If price stays below resistance, expect continued sideways movement or a retest of support levels.
The Economic Times +1
Trend: Bitcoin is trading below the key $65,000 resistance, indicating short-term selling pressure.
CoinMarketCap +1
Support: $62,500–63,000
Major support: $61,000
Resistance: $64,500–65,000
Bullish confirmation: A daily close above $65,000 could open the way toward $67,000–68,000.
Bearish confirmation: Losing $62,500 could lead to a move toward $61,000 or lower.
CoinMarketCap +1
Technical summary:
RSI is around the neutral zone, showing no strong momentum.
Bitcoin remains in a consolidation range, and traders are waiting for a decisive breakout.
Institutional sentiment has weakened recently, contributing to the pullback.
Investors +1
Trading outlook: Wait for a confirmed breakout above $65,000 before turning bullish. If price stays below resistance, expect continued sideways movement or a retest of support levels.