Bitcoin Struggles to Break $65K Amid Market Optimism and Volatility
Despite bullish sentiment, Bitcoin faces resistance at $65,200, with mixed flows in ETFs and cautious analyst outlooks.
- Bitcoin's price hovers around $64,000, showing resilience but struggling to decisively break above $65,200.
- Market optimism is fueled by global monetary easing, including recent rate cuts by the U.S. Federal Reserve and China's central bank.
- Bitcoin ETFs have seen significant inflows, with $136 million added, indicating strong investor interest.
- Ethereum also faces volatility, with recent inflows countering earlier outflows but still showing mixed performance.
- Analysts advise caution, noting that Bitcoin's current trading range may persist, with potential for short-term pullbacks.