Bitcoin ($BTC ) is hovering just above the $62,000 support level after falling 3.8% in recent days. If this important level holds, BTC could recover and head towards $66,000, offering bullish potential for traders. đ However, a break below this support level could trigger a further decline, as the RSI is showing slowing momentum, hovering at the important level.
â ïž Market Watch: Positive news, such as Ohio Senator Niraj Antani's bill to allow Bitcoin tax payments and Metaplanet's purchase of 107.91 BTC, have sparked optimism, but neutral investor sentiment suggests caution. The BTC buy/sell ratio remains at 1, reflecting a delicate balance between buyers and sellers.
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