BTC Rejected at $65K: Is $62.5K Support Next?
The post BTC Rejected at $65K: Is $62.5K Support Next? appeared on BitcoinEthereumNews.com. BTC faces $62,500-$62,800 support after rejection near $65K, with $60K in view if the daily close breaks lower. Bitcoin has moved back into focus after a rejection from the $64,500 to $65,000 resistance zone, where buyers failed to secure a clean breakout above the recent local high near $64,700. The move followed a short-side take-profit event from the previous session, after which BTC advanced sharply as spot buying increased while open interest declined across derivatives markets. Market data described by traders suggests that short positions were closed during the rally, while spot demand played a stronger role in driving price action inside the current range. The next area being watched by bulls is the $62,500 to $62,800 support zone, as a daily close below this level could expose Bitcoin to a deeper move toward $60,000.. BTC Rejected Near $65K Resistance Bitcoin met selling pressure betwee