Bearish Grip on Bitcoin Tightens as Price Fails to Rally Near $64K

Bitcoin's price continues to hover near $64K, but the market remains firmly under bearish control. Despite a brief mid-June recovery, the sellers have reclaimed their dominance, and every attempted rally has failed.

The Fear & Greed Index has plunged to 15, signaling extreme fear among market participants. This is reflected in the daily RSI at 37.35, which confirms bearish control without yet reaching capitulation extremes.

Bitcoin's dominance currently stands at 56%, while the total crypto market cap has slipped 1% in 24 hours. This suggests that capital is leaving the space broadly, with BTC losing less than altcoins.