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Bitcoin (BTC) Price Prediction: BTC Holds $64K Support—Can Improving On-Chain Activity Power Bitcoin’s Next Rally?
['Ahmed Ishtiaque', 'Sponsored Article', 'Alex Chen', 'Usman Ali', 'Naveed Iqbal']
Brave New Coin
Bitcoin (BTC) Price Prediction: BTC Holds $64K Support—Can Improving On-Chain Activity Power Bitcoin’s Next Rally?
The Bitcoin price has remained above several short-term technical averages, while improving network activity offers another factor for the market to monitor.
Shorter-term moving averages are more supportive, with the 10-, 20- and 30-period averages positioned below the current BTC price.
By contrast, another fall below 1.0 would reinforce the view that Bitcoin remains caught in an indecisive range.
Bitcoin (BTC) price chart (1-month).