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Bitcoin has once again bounced towards $64,000, but I'm still not convinced.
Everyone suddenly looks bullish because Bitcoin is pushing back towards one of the most important levels on the chart.
I think that's encouraging in the short term, but weekend moves have a habit of trapping traders.
If Bitcoin can reclaim and hold above $64,000 into next week, I think a move towards $65,700 becomes much more likely.
If it fails to reclaim this level, I wouldn't be surprised to see a deeper pullback once Monday liquidity returns.