Bitcoin Rebound To $64,000 Puts Overhead Supply Back In The Market’s Way

Bitcoin’s move back toward the $64,000 area gives bulls something to work with, but it does not remove the market’s next problem. After a sharp recovery, the focus now shifts to overhead supply and whether buyers can absorb the next wave of profit-taking.That is often how rebounds work in crypto. The first move higher proves that demand still exists. The second move has to prove that demand is strong enough to break through sellers waiting above.
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