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Crypto

Bitcoin Price Rebounds, But Institutional Demand Remains Cautious

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin's price rebounded to around $63,650 after buyers defended support near $62,700, showing short-term momentum improvement. The cryptocurrency rose by 1.2% in this move.

Nearly $390 million exited US spot Bitcoin ETFs last week, indicating cautious institutional demand. This could be a cause for concern for investors, as it may limit capital flow into risk assets like Bitcoin.

The next key resistance and liquidity clusters for Bitcoin are near $64,100 and $64,800. A sustained break above $65,500 is needed to confirm a stronger bullish trend.

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