BTC struggles to confirm a bullish reversal as it hovers around $64,034, with critical support and resistance levels in focus.
Bitcoin (BTC) is attempting a recovery after a sharp pullback, trading near $64,034 on Bitstamp. Analysts caution the bounce lacks strength to signal a major bullish reversal, requiring a move above $64,750-$65,555 to improve short-term prospects.
A drop below $62,750 would indicate sellers are regaining control, while a break under $62,178 could threaten recent lows. The current score of +1.0 out of +10 reflects only a slight bullish edge with conditions.
Broader risk sentiment remains volatile, with the NASDAQ falling 1.32% amid heavy selling in tech stocks, contrasting defensive rotations into the Dow and small-caps.