Bitcoin Stuck at $65K as Sellers Pressure Short-Term Cost Basis

Bitcoin's price has struggled to hold above $65,000, facing resistance from sellers near its short-term cost basis of $67.523.

This cost basis represents the average price paid by holders of coins less than 155 days old, creating a potential selling zone as investors seek to break even.

Technical indicators show mild bullish momentum, but Bitcoin remains below key long-term moving averages, signaling that the broader downtrend is intact.