Bitcoin Fights to Hold Above $65K as Uniswap and Worldcoin Extend Rally

Bitcoin (BTC) is experiencing headwinds above $65,000 following the Bank of Japan's rate hike to 1% on Tuesday. The cryptocurrency remains below several key moving averages and its former rising trendline has become resistance around $72,851.77.

Despite this, Uniswap (UNI) and Worldcoin (WLD) continue to rally. UNI is up roughly 8% on Wednesday, testing the breakout of a crucial long-term resistance trendline at $3.50, while WLD edges higher toward $0.70 following a 15% jump the previous day.

The Relative Strength Index (RSI) for BTC at 42 on the daily chart hints at weak but stabilizing downside momentum, while the Moving Average Convergence Divergence (MACD) remains positive but moderating.

On the topside, initial resistance is seen at the 50-day Exponential Moving Average (EMA) near $70,345 for BTC. Uniswap's collaboration with Arc to provide deep stablecoin liquidity has contributed to its recent recovery run, which aligns with rising renewed retail interest.