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Crypto

Bitcoin Price Holds Steady Near $63,000 Amidst Weakening Demand

Guavy AI Editorial Team
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The Coinbase Bitcoin Premium Index has been in negative territory for 90 consecutive days, suggesting that US buyers are less interested or stronger sellers dominate on Coinbase compared to Binance.

Despite this, Bitcoin's price remains relatively stable near $63,000. However, market sentiment is cautious as indicated by the Crypto Fear and Greed Index at 34.

Analyst Michaël van de Poppe identifies $63,400 as a critical resistance level where a breakout could push prices above $64,600.

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