Bitcoin Stuck Below Key Levels at $64,038 Amid Lackluster Momentum

Bitcoin is currently trading at around $64,038, below several short-term moving averages, indicating a lack of strong directional momentum. The key resistance levels are identified at $64,766 and $65,494, while support is found at $63,289 and $62,539.

Retail and top traders remain mostly bullish, with over 60% holding long positions, but open interest has declined slightly by 1.14%. Technical indicators suggest Bitcoin may be oversold and due for a short-term bounce.

Analyst Tom Lee's prediction that Bitcoin had 'yet to peak' hasn't materialized, as the price remains about $7,600 below its 200-day average of $71,635. A significant price move above or below these key levels will likely determine Bitcoin's short-term trend.