Bitcoin crossed $65,000 on Wednesday, with the Crypto Fear & Greed Index improving to 35 as prices rebounded.

CryptocurrencyTickerPrice
Bitcoin(CRYPTO: BTC)$65,000.65
Ethereum(CRYPTO: ETH)$1,924.46
Solana(CRYPTO: SOL)$77.83
XRP(CRYPTO: XRP)$1.11
Dogecoin(CRYPTO: DOGE)$0.07415
Shiba Inu(CRYPTO: SHIB)$0.054225

Notable Statistics:

  • Coinglass data shows 79,273 traders were liquidated in the past 24 hours for $323.30 million.       
  • SoSoValue data shows net inflows of $181.08 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $58.3 million.
  • In the past 24 hours, top gainers include Pump.fun, Virtuals Protocol and ether.fi.

Notable Developments:

Trader Notes:

Trader Jelle noted that Bitcoin briefly swept below recent lows in a deviation move but has since reclaimed key levels. The analyst says holding above $63,000 could pave the way for a recovery, potentially retracing part of the sharp decline seen earlier this year. He maintains a long-term strategy of dollar-cost averaging (DCA) throughout the summer.

Crypto analyst Benjamin Cowen explained Bitcoin continues to trade between the Bear Market Resistance Band and the 200W SMA, with neither side gaining a decisive advantage.

The analyst expects this range-bound price action to continue for another one to two months, until a sustained breakout or breakdown occurs.

Daan Crypto Trades says Bitcoin must hold the current green support zone to preserve its bullish momentum and breakout structure. Key liquidity targets lie at $65,600 and, more importantly, $67,200.

A sustained move above $67,200 could trigger a stronger rally toward $70,000+, positioning Bitcoin back in the middle of its broader $60,000–$80,000 trading range.

Image: Shutterstock