Bitcoin Eyes Upside Breakout as Support Holds Above $63,200

Bitcoin has managed to hold above its median realized price of $63,200 for two weeks, a sign that it may be poised for an upside breakout if it surpasses $67,176. However, despite this potential, the rally remains unfunded due to weak demand from US spot Bitcoin ETFs and a 4.5% decline in stablecoin supply.

This limited fresh liquidity has led analysts to note that low trading volume and thin market participation could cause small buying or selling to trigger significant price moves.