Bitcoin (BTC) attempted to conquer $65,000 yesterday, but was unable to do so. The price has fallen back to $63,000, which has slowed the momentum of the past few days. The rest of the market has also logically taken a hit: most crypto coins turn red.
BTC holds steady above $63,000
Bitcoin started the new week strong yesterday with a strong climb above $65,000. After a jump of almost 2%, the price reached a peak of around $65,500 at the end of the morning.
However, the bears soon gained control. After being above $65,000 for less than an hour, the bitcoin price took a dive below $64,000. The downtrend then continued to roughly $63,000, where it hovered just above for the remainder of the day.
If the price shoots up again, the zone around $65,000 logically serves as resistance again. This is the final hurdle before the major resistance around $70,000. On the way down, around $61,000 is an important level.
At the time of writing, the BTC price on crypto exchange Bybit powered by SATOS is equal to $63,341. On the Dutch crypto exchange Bitvavo, the BTC price in euros amounts to 58,766. Compared to 24 hours ago, BTC is down 1.46%.
Crypto market falls, but Solana escapes
Bitcoin’s narrow price drop has also depressed the rest of the market. The lion’s share of altcoins are currently at a lower price than yesterday. Of course there are also the necessary exceptions. Solana (SOL), ranked 5th in the crypto market, is the most notable with an increase of 4.13% in the past 24 hours.
The rest of the top 10 crypto coins all turn red. Ethereum (ETH) has fallen by 3.29% in the past day, dogecoin (DOGE) by 4.47%, toncoin (TON) by 1.94% and cardano (ADA) by 2.63%.
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