Bitcoin Rebounds Past $64K as Bulls Shake Off $216M Sale

Bitcoin recovered from an early Monday selloff to close the day above the $64,000 mark. Traders quickly shook off concerns over a massive $216 million Bitcoin sale by Strategy, showing strong buy support at lower levels.

The initial dip on Monday morning had some investors worried about a deeper correction. However, the market absorbed the selling pressure quickly, and buyers stepped in to push the price back up during the afternoon trading sessions.

Moving forward, market watchers are keeping a close eye on the $64,000 support level. If Bitcoin can hold this ground, it could open the door for another push toward higher resistance levels in the coming days.