Bitcoin has hit the $67,000 price level and faces resistance at $70K-$79K.
The nearest support for BTC stands at the $50K-$59K.
Meme coin DOGE has witnessed a significant drop in holders.
Bitcoin (BTC) reclaimed the $67,000 price level and reached a daily high of $67,800. As of this writing, the world’s largest cryptocurrency by market capitalization is trading at $67,295.47, up 3.10% in the past 24 hours. Meanwhile, meme coins are vying for dominance in the digital asset space, with Dogecoin (DOGE) and Shiba Inu (SHIB) surging 2.6% and 1.07% respectively, while other meme coins stayed in the red.
According to an X (formerly Twitter) post by blockchain analysis platform Santiment, there are increased mentions of Bitcoin finding a bottom somewhere between $50,000-$59,000 with a top around the $70,000-$79,000 price levels. Currently, the Fear and Greed Index reads 58, indicating neutral sentiment.
To confirm an uptrend, Bitcoin needs to break above the resistance in the $70K-$79K price level. The current all-time high for the leading digital asset is $73,750, reached in March.
Santiment also highlighted in its X post that Bitcoin and the broader cry…
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