Bitcoin Teases 'First Steps' To Rebound as $65,000 Holds
Bitcoin is showing tentative signs of a rebound after battling selling pressure, with the $65,000 level being crucial for continued upward movement.Summary
Bitcoin (BTC) faced selling pressure at the start of the traditional finance (TradFi) trading week, leading to mixed short-term outlooks, with prices hovering around $66,000 and down about 2.5% on the day. Analysts are divided: some, like IT Tech, warned of a potential retest of the $62,250 lows if the $65,000 support fails, while others, like Exitpump and Michaël van de Poppe, noted tentative positive signs, such as improvements in the Coinbase Premium and a strong wick off local lows, suggesting potential first steps toward a rebound if $65K holds. A key macro factor influencing sentiment is the threat of fresh US trade tariffs announced over the weekend, which QCP Capital described as an "immediate catalyst" adding policy uncertainty. However, QCP also noted that Bitcoin's reaction to the tariff news was less severe than in previous episodes, suggesting a potential moderation in volatility.
(Source：Cointelegraph)