Bitcoin Rally Falters Near $64K as Analyst Warns of Potential Decline

Bitcoin's price maintained its upward trend on Tuesday morning, despite the weakness in the U.S. stock market and rising oil prices due to geopolitical tensions.

The apex cryptocurrency held above $63,200, up 0.7% in the last 24 hours, but failed to reach the key resistance zone near $64,500.

Crypto analyst Ted Pillows warned that a daily close below $62,500 could push Bitcoin's price back to $60,000.

Despite this warning, retail sentiment on Stocktwits remained 'bullish' and even rose into the bullish zone over the past day.

The market absorbed news of Strategy's largest sale since abandoning its never-sell stance, which saw 3,588 BTC sold for about $216 million, without breaking Bitcoin's recovery.