Bitcoin is trading at $64,190 today, gaining just 0.01% over the past 24 hours. The token is holding above the $62,000 floor after recovering from last week’s Fed-driven selloff. Price action remains compressed, and the 200-day moving average is capping upside attempts near $65,200.
Immediate support ranges from $60,500 to $61,500. The next structural floor is the $60,000 round number. Resistance holds at $64,500, followed by the $65,500-$67,000 band. A clean weekly close above $67,000 would open the door to a run toward $72,000 and beyond.
Giving the market overview, Akshat Siddhant, Lead Quant Analyst at Mudrex, stated, ” is stabilising around the $64,000 level as global markets navigate the aftermath of a volatile week. Friday’s massive $330 million liquidation of leveraged long positions effectively flushed out excess speculative froth from derivatives markets.
He further said, On-chain metrics reveal steady accumulation behaviour by long-term holder cohorts, preventing any deeper structural breakdown. The $60,000 zone remains a critical psychological and technical line of defence for the bulls. A decisive daily close above the immediate overhead resistance at $64,500 is required to kickstart a sustainable relief rally toward higher liquidity pockets.”
Piyush Walke, Derivatives Research Analyst at Delta Exchange, noted, “Bitcoin traded around the $64,000 level on Sunday as investors weighed renewed geopolitical tensions surrounding the alongside fresh concerns about Strategy’s Bitcoin financing model. Bitcoin rebounded after slipping below $63,000 on Friday, though overall price action remained largely unchanged for the week.”
He further added, “A sustained hold above $64,000 could support a move toward the next resistance at $65,500. A break below nearby support may trigger another decline toward $62,000. BTC is expected to trade within a broad range between $60,500 and $67,500 until a decisive breakout occurs. Ethereum continues to show relative strength, maintaining support above the critical $1,700 to $1,720 zone. Immediate resistance is seen between $1,830 and $1,850, with a breakout potentially opening the door toward $1,900.”
Meanwhile, according to the WazirX Market Desk, “Bitcoin trades at $64,221, up 1.56%, but daily technicals remain mixed: oscillators show Buy while moving averages and overall summary signal Sell. Ethereum gained 1.42% to $1,729, though daily technicals remain cautious.
They further mentioned that led market gains as sector interest stayed strong. Institutional interest remained in focus, with Japan’s National Business Corporate Pension Fund reportedly considering a 1% crypto allocation for diversification. In the US, digital assets continue to gain attention across the political spectrum, reflecting crypto’s growing role in mainstream policy discussions.”
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