The post Bitcoin Retests $64K Despite Grayscale Outflows Drop Below $100M, Will BTC Price Regain $65K? appeared first on Coinpedia Fintech News
The crypto markets try to recover after the latest drop, while the volume does not favour the bulls. The recent price action suggests that some FUD is still present within the markets, due to which the recovery phase has not kicked off with the required strength. This may raise some speculation about whether the BTC price may hold above the lower crucial support until this weekend or accomplish the pullback phase by reaching levels below $60,000. Let’s analyse!
Therefore, it is now more evident that the price must maintain its current highs throughout the weekend, or else a significant correction could follow. Will the BTC price hold at $64,000 or drop below?
The BTC price has been ranging high since the beginning of 2023 but has failed to rise beyond the pivotal resistance. However, the price has broken above the levels during the recent price action and has still sustained above the gains. Therefore, it suggests the price still holds a bullish influence and hence may eventually trigger a healthy upswing if it trades above the lower support throughout the weekend.
Also Read: Bitcoin, Ethereum and XRP Price Prediction: Bulls Making A Comeback?