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With Bitcoin (BTC) falling below the $65,000 level on the 18th (Korean time), Glassnode co-founders Jan Happel and Yann Allemann share an Through this X, he said, “It is important that BTC supports $64,000 to $65,000.”
They said, "BTC may encounter resistance at $67,000. If it breaks through, the next target is $69,500, but $65,000 will be an important psychological support before that. There is a possibility that it will fall to $60,000-$62,000, but sentiment is still strong." analyzed.
UToday said, "BTC is currently testing the $65,000 support line. If the 50-day and 200-day exponential moving average (EMA) prices are maintained, it is likely to stabilize. This consolidation phase usually precedes an upward turn. Therefore, there is a possibility that investors will purchase more BTC at low prices.”
Meanwhile, Metricsport, a cryptocurrency financial services platform, reported through
He continued, “Currently, BTC open interest is at a considerable level, and the price may continue to decline for some time before BTC hits a new high.”
