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Bitcoin holds $64K-$65K support after $1.8B selloff, eyes recovery above $71.8K resistance.

Technical Signals
03 Jun 2026
Coinpaper
View Source
Neutral
pluang ai news

Bitcoin recently tested and defended the critical $64,000-$65,000 support zone following a sharp selloff that liquidated over $1.8 billion in positions. This support area has historically triggered strong rebounds, making it a key level for potential stabilization. Analysts note that while a short-term bounce could occur due to short-covering, a sustained recovery depends on Bitcoin reclaiming the $71,800 resistance level. If Bitcoin fails to break above this level, downside risks remain, but a successful move could signal a larger recovery ahead.

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