Bitcoin Stuck at Key Resistance as Ethereum Continues to Rise
Bitcoin's price hovered around $64,966 on Saturday, limited by key resistance that capped further upside. The cryptocurrency was trading at this level after gaining 1.05% over the past 24 hours.
Ethereum also showed momentum, with its price near $1,915. It rose 0.55% in the same time frame as Bitcoin.
According to Riya Sehgal, a Research Analyst at Delta Exchange, Bitcoin is facing resistance around $65,000, $65,600 and needs a sustained break above this area to strengthen its case for continuation.