Bitcoin Rally Stalls Near $64K – Strategy's Biggest BTC Sale Fails To Shake Bulls

Crypto analyst Ted Pillows said Bitcoin faces an important support zone between $62,500 and $62,800 after failing to break resistance near $64,500.

• Bitcoin’s price remained in the green on Tuesday morning amid weakness in the U.S. stock market and geopolitical tensions lifting oil prices.
• Solana and Ethereum outperformed Bitcoin over the past 24 hours and were among the top-trending cryptocurrencies on Stocktwits.
• More than $526 million in crypto positions were liquidated over the past day, with Bitcoin and Ethereum traders incurring the largest losses.

Bitcoin (BTC) held in the green Tuesday morning, up over 7% for the week, while the stock market dipped in pre-market trade. Samsung earnings failed to impress global markets, and a fresh missile strike on a Qatari gas ship in the Strait of Hormuz lifted oil prices and tested the late-June peace deal.

Bitcoin's price rose to $64,400 overnight before easing back to around $63,200, up 0.7% in the last 24 hours. Crypto analyst Ted Pillows said that since Bitcoin was rejected at the resistance zone near $64,500, the key level to hold now is between $62,500 and $62,800. In a post on X, he forecast that a daily close below this level could push Bitcoin's price back to $60,000.