Bitcoin has reached the $67,000 price level and faces resistance at $70,000-$79,000.

The nearest support for BTC is at $50,000-$59,000.

The number of DOGE meme coin holders has significantly decreased.

Bitcoin (BTC) has reclaimed the $67,000 price level and reached a daily high of $67,800. At the time of writing, the world's largest cryptocurrency by market cap is trading at $67,295.47, up 3.10% in the last 24 hours. Meanwhile, meme coins are battling for dominance in the digital asset space, with Dogecoin (DOGE) and Shiba Inu (SHIB) up 2.6% and 1.07% respectively, while other meme coins remained in the red.

According to a post by X (formerly Twitter) of blockchain analysis platform Santiment, there is increasing speculation that Bitcoin will bottom somewhere between $50,000-$59,000 and peak around the $70,000-$79,000 price levels. The Fear and Greed Index is currently at 58, indicating neutral sentiment.

Bitcoin needs to break resistance at the $70,000-$79,000 price level to confirm its uptrend. The current all-time high for the leading digital asset is $73,750, reached in March.