Bitcoin: Rebounds Near $64,000 After $62,000 Drop
Bitcoin rebounds near $64,000 after falling below $62,000, now 51% under its October 2025 high, with $1.7 billion liquidated in 24 hours.
SourceAnalysis
Bitcoin fell below $62,000 before recovering near $64,000, a level last seen in February, while sitting nearly 51% below its all-time high reached in October 2025.
Over $1.7 billion was liquidated across the crypto market in the past 24 hours amid the sharp move.
Price action shows BTC testing the lower Bollinger Band support near $62354.27 with RSI(14) at 22.24 flashing oversold conditions, yet the MACD death cross at -2266.71 and price remaining well below the EMA50 resistance at $70982.02 point to sustained bearish pressure before any sustained rebound materializes.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
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