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Mr.Arshman

06/21 15:28

Bitcoin price steadies near $64K as traders watch

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Bitcoin traded near $64,000 on Sunday after recovering part of Friday’s sell-off, but the rebound has not yet changed the wider range. According to crypto.news market data, Bitcoin traded around $64,008, up 0.87% over 24 hours. The page showed a 24-hour range between $63,188 and $64,462, with daily volume above $16.6 billion. Bitcoin’s seven-day move stayed slightly negative, showing that the weekend bounce only repaired part of the damage. The move kept traders focused on the $62,000 support area. A clear break below that zone could weaken short-term sentiment, while a move above $67,000 would give bulls a stronger relief setup.Bitcoin fell below $63,000 on Friday as risk appetite weakened across crypto markets. It later bounced from the weekly 200-period moving average area and the 0.618 Fibonacci retracement, according to crypto trader Daan Crypto Trades. $BTC Seeing a little bit of a bounce from that Weekly 200MA & .618 Fibonacci retracement level. This is a level the bulls must hold into the weekly close in my eyes. Especially now it has bounced a bit, any move below this ~$62K area should be seen as bearish in the short term… Daan said the $62,000 area remains the level bulls “must hold” into the weekly close. In his view, a move below that level would look bearish in the short term, while a break above the local high near $67,000 could open a move toward $73,000. Ether, Solana and Tron also firmed over the weekend, while HYPE remained one of the stronger weekly performers despite a daily pullback. Dogecoin stayed weaker than most large tokens on a seven-day basis. The broader market move looked more like stabilization than a strong trend change. Bitcoin still needs a higher close above nearby resistance to show that buyers control the next leg. Bitcoin’s weekend move came as traders watched planned U.S.-Iran cea
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