Bitcoin captures $65K after US stocks rebound from AI sell-off: Will it hold?

💡 DMK Insight

Bitcoin’s surge past $66,000 signals a potential shift in market sentiment, especially after a turbulent week driven by AI and tech stocks. This rally could indicate that traders are regaining confidence, particularly if BTC can hold above the $65,000 mark. If $60,000 does indeed hold as a support level, it could set the stage for further upward momentum. Look for increased buying pressure from institutional players, as they often react to bullish signals in correlated markets like tech stocks. However, be cautious—if BTC fails to maintain this level, we could see a quick retracement back towards that $60,000 support. Keep an eye on the daily trading volume and any news from major exchanges, as these could provide clues about the sustainability of this rally. Also, watch for any signs of profit-taking that could trigger volatility in the coming days.