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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.
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