Bitcoin surfs SpaceX IPO at $64K as trader warns key BTC price support may crumble
Summary
Bitcoin briefly climbed to about $64,000 after the U.S. market open as crypto and other risk assets held up despite mixed inflation and geopolitical signals. Stocks were largely flat, while analysts noted markets are absorbing strong labor data alongside persistently high inflation and oil-driven pressure. Bitcoin’s near-term rally remains fragile. A key trader warned that the 200-week simple moving average around $62,025 has often been an unreliable support level and could fail over time. Bitcoin is also still trading below its 2021 all-time highs, a condition that has historically taken months to resolve before a lasting bear-market bottom forms.
