Bitcoin price faces resistance around $64,000 level

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Bitcoin (BTC) is encountering resistance near the $64,000 level, with on-chain data indicating a rise in daily active addresses, slight inflows into US spot Bitcoin ETFs, and the German Government's transfer of 1,500 BTC valued at $94.

US spot Bitcoin ETFs registered slight inflows on Monday. On-chain data shows that BTC's daily active addresses increased, signaling greater blockchain usage. German Government transferred 1,500 BTC, valued at $94.7 million, out of its wallet on Monday. Bitcoin is encountering resistance near the $64,000 level, with on-chain data indicating a rise in daily active addresses, slight inflows into US spot Bitcoin ETFs, and the German Government's transfer of 1,500 BTC valued at $94.

Sony plans to restart Whalefin with a new app and user interface. @Sony bought the crypto exchange from Amber Group last year.https://t.co/FrAA7Y8045 — CoinDesk July 1, 2024 Technical analysis: BTC faces resistance around the $64,000 level Bitcoin's price broke above the falling wedge pattern on Monday, but it was rejected by the daily resistance level at $63,956 and trades below it at $62,916 on Tuesday.

 

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