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Bitcoin Holds $65,000 as Crypto Sentiment Improves, Ethereum Outshines XRP, Dogecoin
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Bitcoin crossed $65,000 on Wednesday, with the Crypto Fear & Greed Index improving to 35 as prices rebounded.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $65,000.65
Ethereum (CRYPTO: ETH) $1,924.46
Solana (CRYPTO: SOL) $77.83
XRP (CRYPTO: XRP) $1.11
Dogecoin (CRYPTO: DOGE) $0.07415
Shiba Inu (CRYPTO: SHIB) $0.054225

Notable Statistics:

  • Coinglass data shows 79,273 traders were liquidated in the past 24 hours for $323.30 million.       
  • SoSoValue data shows net inflows of $181.08 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $58.3 million.
  • In the past 24 hours, top gainers include Pump.fun, Virtuals Protocol and ether.fi.

Notable Developments:

Trader Notes:

Trader Jelle noted that Bitcoin briefly swept below recent lows in a deviation move but has since reclaimed key levels. The analyst says holding above $63,000 could pave the way for a recovery, potentially retracing part of the sharp decline seen earlier this year. He maintains a long-term strategy of dollar-cost averaging (DCA) throughout the summer.

Crypto analyst Benjamin Cowen explained Bitcoin continues to trade between the Bear Market Resistance Band and the 200W SMA, with neither side gaining a decisive advantage.

The analyst expects this range-bound price action to continue for another one to two months, until a sustained breakout or breakdown occurs.

Daan Crypto Trades says Bitcoin must hold the current green support zone to preserve its bullish momentum and breakout structure. Key liquidity targets lie at $65,600 and, more importantly, $67,200.

A sustained move above $67,200 could trigger a stronger rally toward $70,000+, positioning Bitcoin back in the middle of its broader $60,000–$80,000 trading range.

Image: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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