Bitcoin Above $64,000 as Pump and Zcash Extend Gains

Bitcoin's price edged above $64,000 on Wednesday, moving toward its 50-day Exponential Moving Average (EMA) at $64,652. The cryptocurrency is still trading below the 200-day EMA at $73,069.

The Relative Strength Index (RSI) is at 51, indicating a neutral momentum, while the Moving Average Convergence Divergence (MACD) and signal line are preparing for a bullish crossover.

Pump (PUMP) and Zcash (ZEC) have sustained gains after rebounding on Tuesday. Pump has jumped by 13% in the past day and is trading above its 200-day EMA at $0.002153, with the RSI hovering near 71.

Zcash is also maintaining a bullish bias, trading above both its 50-day EMA at $486 and its 200-day EMA at $409. The recent rebound from the rising support trendline has reinforced an upward cycle toward the overhead trendline near $550.