Bitcoin fell sharply below $65,000 today
Despite the current weakness, April historically stands out as one of Bitcoin’s strongest months. Out of 13 trading years, only 5 times April month have closed negatively, with an average gain of around 13%. If this seasonal trend holds, April could mark the beginning of a recovery phase. For now, all eyes are on the $62,532 level. This zone acted as strong support last week. If Bitcoin falls below it, the next likely test is the $60,000 level. On the other hand, Bitcoin needs to close this week above $70,000 to confirm the start of a recovery phase. As of now, Bitcoin is trading near $64,912, down about 4% in the past 24 hours. Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Short-term outflows can pressure price, but strong multi-day inflows show institutional demand remains active overall. Historically, February can be volatile. When it closes in red, March often stays soft before potential stabilization. Key support sits near $62,532 and $60,000. A weekly close above $70,000 would strengthen recovery momentum.
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