From Investing.com: 2024-06-18 14:30:28

Bitcoin’s price fluctuates, with key levels at $64,000 and $65,000 being crucial for short-term trajectory, according to Glassnode Cofounders “Negentropic.” Potential rebound to $67,000 expected, with resistance creating at $69,500. $65,000 psychological support level essential for investor confidence. Despite possible dips to $62,000 or $60,000, market sentiment is cautiously optimistic. BTC down 0.48% at $64,795, hitting one-month low due to outflows and U.S. borrowing costs.

Importance of $65,000 level reiterated by Negentropic for Bitcoin traders. Market dynamics remain uncertain, but strong demand is suggested down to $61,600 based on on-chain data. Significant support seen at $64,500, with 1.28 million addresses holding BTC. Investors urged to monitor levels for efficient navigation through current market conditions.

Read more at Investing.com: Here Are Key Levels for BTC Bulls as Price Wavers By U.Today