Bitcoin Hovers Around $64,500 as Traders Watch for Support Levels
Bitcoin remained stable during the European morning, hovering around $64,500 after experiencing a drop to $62,500 on Thursday. The 50-day moving average is currently acting as a support line for traders. If the decline continues, the $63K and $61K levels, where the 50 and 200-day moving averages are located, will be crucial. August has historically been a losing month for BTC eight times and a winning one five times, with an average decline of 15.4% and an average rise of 26%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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