Bitcoin: Stabilizes Near $65K With Tentative Recovery

Bitcoin has stabilised near $65k with stronger taker demand, robust institutional inflows and easing downside hedging, Glassnode reports.

Subdued spot liquidity and weak on-chain activity however leave the recovery tentative amid ongoing BTC price prediction scrutiny and crypto market analysis from institutional desks.

Price action at $64533.71 tests the lower Bollinger support band near $64664.3 while the EMA50 at $64567.65 caps upside in a bearish structure defined by the EMA200 at $63778.42; the MACD death cross at 139.16 and neutral RSI of 44.51 together signal that any bounce requires a decisive reclaim of the upper band at $65302.55 before fresh continuation can develop.