Bitcoin's Fragile Rally Above $64K Threatened by Dark Horse Factor

Bitcoin's price recently saw a minor rally above $64,500 at the start of the week, marking its highest point in about 7-8 days.

This brief surge comes after several days of sideways trading and losses, but experts warn that the selling pressure has mounted across multiple fronts, including on-chain flows and exchange activity.

The cryptocurrency's price may be threatened by an off-chain 'dark horse' factor outside on-chain data, which could curb further upside in crypto markets.