Bitcoin Price Holds Key Support as Bulls Eye Recovery

Bitcoin has spent the last few days consolidating after recovering from recent lows, with price action centered around the $62,000–$64,000 range. While volatility remains relatively contained, traders are closely watching whether Bitcoin can build enough momentum to extend its recovery toward the next resistance levels. (The Economic Times)One of the most encouraging developments has been Bitcoin’s ability to defend important technical support. After several successful retests of the support zone, buyers have repeatedly stepped in, preventing a deeper decline. This suggests that demand is gradually returning, although a decisive breakout above nearby resistance is still required to confirm a stronger bullish trend.Institutional activity has also attracted attention over the past few days. Strategy (formerly MicroStrategy) continued strengthening its balance sheet by increasing its cash reserves to approximately $4 billion, while maintaining one of the world’s largest corporate Bitcoin holdings with more than 842,000 BTC. The company has focused on improving liquidity rather than making additional Bitcoin purchases, reflecting a more defensive capital management strategy during the ...