Bitcoin Price Prediction: BTC Attempts Recovery While Sellers Linger
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Bitcoin rebounds to $65,443 after a low of $62,571, but the trend indicates sellers remain in control. Open interest has decreased to $40B, reflecting cautious market sentiment. Key resistance at $65,777 may dictate future price movements.
Predictions Markets
See what traders are focused on
- BTC rebounds near $65.4K but broader trend still favors sellers, signaling caution.
- Open interest fell to $40B, showing reduced leverage and cautious derivatives positioning.
- Spot flows indicate easing selling pressure, hinting at potential short-term stabilization.
Bitcoin trades near $65,443 after bouncing from the $62,571 swing low on the one-hour chart. The rebound follows a sharp rejection from the $67,700 to $68,000 lower-high zone. Consequently, traders now assess whether this move signals recovery or another relief rally. Short-term momentum shows improvement, yet the broader structure still favors sellers.
Key Resistance and Support Levels in Focus
Price now approaches $65,777, which aligns with the 0.382 Fibonacci retracement. A clean break above this barrier could push Bitcoin toward $66,767 at the 0.5 level.
However, bulls must reclaim the $67,7…
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