BTC trades above $64,000, approaching its 50-day EMA at $64,652, while altcoins PUMP and ZEC extend gains.
Bitcoin (BTC) stabilized above $64,000 on Wednesday, moving closer to its 50-day Exponential Moving Average at $64,652. The cryptocurrency’s price action follows a rebound earlier in the week, signaling potential momentum toward key resistance levels.
The 50-day EMA has acted as a critical technical benchmark in recent months, with BTC struggling to sustain gains above it. Meanwhile, altcoins Pump.fun (PUMP) and Zcash (ZEC) maintained upward momentum after Tuesday’s recovery, reflecting broader market optimism.
Traders are monitoring whether BTC can break past $64,652, which could pave the way for further upside in the near term.