Bitcoin has been grinding all day with just a 500-point swing. #BTC shot up to around 64,300 last night, then pulled back, hitting a low around 63,400 but didn't drop further. It then rebounded but couldn't break above 64,000, resulting in some sideways action.
For Bitcoin today, as long as it holds above 63,000 on pullbacks, we can expect a rebound and some oscillation. However, if the rebound can’t hold at 64,000, it's not going to help. The upper resistance at 64,300-65,000 is a dense zone, and breaking through won’t be easy.
For Bitcoin today, as long as it holds above 63,000 on pullbacks, we can expect a rebound and some oscillation. However, if the rebound can’t hold at 64,000, it's not going to help. The upper resistance at 64,300-65,000 is a dense zone, and breaking through won’t be easy.