Crypto
Bitcoin Bounces to $65K Amid Selling Pressure
Bitcoin (BTC) has rebounded from its recent low of $62.5K to reach around $65K, despite facing significant selling pressure and macroeconomic headwinds.
The price action held strong above the 200-day Exponential Moving Average (EMA) at $63,647.76, which is a crucial technical indicator for traders.
Currently, BTC is testing the upper resistance of the Bollinger Bands at $65,052.51, with an RSI reading of 64.5 and a golden cross on the MACD confirming a bullish trend.
According to standard price prediction models, a measured pullback toward the 50-EMA support at $64,100.41 offers the next high-probability entry before continuation higher.