Bitcoin's dominance has been shaken as it struggles to maintain its grip above the $67,000 mark. At the time of writing, Bitcoin is trading at $64,319.59, marking a significant 3.98% decline.
With bitcoin languishing at below $64,000, and the altcoins also still mostly in the red, many traders must be nervously eyeing their portfolios. Should they buy or sell?
Bitcoin (CRYPTO: BTC) is currently struggling to breach certain resistance levels to reach fresh highs, with analysts and traders expressing little optimism about its future performance. What Happened: Renowned crypto analyst DonAlt forecasted a complacency bounce for Bitcoin, predicting it will continue until the cryptocurrency is back above $68,000.
Liquidation levels covering an ever-increasing cloud surround Bitcoin's price at $64,000.While resting on the $64,000 level, the price of Bitcoin traded lower on April 25th, burning at a knee-jerk reaction to fresh geopolitical news. As a result, some bulls lost up to 5% positions.
Bitcoin (BTC) price has dropped from $66K to $64K over the past 24 hours. BTC's fear and greed index stands at 72, holding up in the greed zone.
The total crypto market cap is below $2.5 trillion now as BTC slipped to $63,500.
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