The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin rose to nearly $64,100, surpassing the $63,000 threshold as it tests critical technical resistance at the 50-day Exponential Moving Average of $64,650. Market sentiment is supported by renewed institutional inflows and statements from US Treasury Secretary Scott Bessent regarding a potential deal with Iran to reopen the Strait of Hormuz by mid-week. Breaking the $64,650 resistance level remains vital for the continuation of the current price recovery.