1 hour ago
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Key Takeaways
- Bitcoin has returned to the $65,000 area, where several previous recovery attempts were rejected.
- A pullback would bring the $63,200-$63,800 support cluster into focus.
- The 30-day Fear and Greed average has recovered to 26.5, only two points below the 365-day average.
- The narrowing gap is consistent with a possible bottoming phase, although the 2022 cycle shows that sentiment can improve before price reaches its final low.
At the time of writing BTC was trading near $64,550 after reaching an intraday high of approximately $64,900. Price was sitting directly beneath horizontal resistance around $65,000, where several recent advances lost momentum.
The Relative Strength Index had recovered to approximately 53 and remained above its moving average near 49.4. Short-term momentum has improved, but price has not confirmed a breakout.
Repeated failures around the current ceiling make another pullback a credible outcome. The more important questio...
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