Bitcoin Price Stumbles Near $64K—Was The Rebound Just A Trap?
Summary
Bitcoin recovered above $62,500 after holding support near $60,500 and is now consolidating above the 100-hour moving average. Price action remains constructive while BTC stays above $62,500, with immediate resistance near $63,500 and a key barrier at $64,000. A close above $64,000 could open the way to $65,500, then possibly $66,500 and $68,000. If BTC fails to break $64,000, downside support sits at $62,500, then $62,200, $61,500, and $61,000, with major support at $60,000. Momentum has weakened somewhat as the hourly MACD loses pace and RSI is below 50.
