Bitcoin: Rebounds From $60K Low Amid Weak Flows
Bitcoin rebounds from $60K low as selling pressure eases yet volume and open interest remain weak, pointing to stabilization. Price sits at $67209.91 on 4h chart.
SourceAnalysis
Bitcoin rebounded from a low near $60K as selling pressure eased and options markets unwound fear, according to Glassnode. Volume, open interest, and capital flows stay weak, framing the move as stabilization rather than a confirmed reversal.
Bitcoin trades at $67209.91 and tests upper Bollinger resistance at $66637.82 while RSI(14) prints 74.01 in overbought territory. With the 50-EMA support at $64289.53 still intact and MACD holding its golden cross, a healthy retracement to that EMA level looks probable before any further continuation higher.
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