B.AI Partners with Tencent Cloud as Bitcoin Teeters on Breakout Edge

Justin Sun has secured a partnership between B.AI and Tencent Cloud.

The news comes as Bitcoin trades at $61,702.88, with limited movement expected over the bank holiday weekend according to CryptoMichNL. However, the market remains on edge for a decisive breakout.

Traders are monitoring a higher low on lower timeframes to confirm demand and price stability, with preference for $60,000 as key support. A clean break through $62,000-$64,000 would end the lower-timeframe downtrend and reclaim the 200-week moving average, sparking renewed strength across altcoin markets.

Price action on the 4h chart shows BTC inside Bollinger Bands with upper resistance at $62,629.33 and lower support at $57,704.29. The EMA50 at $60,703.58 acts as immediate structural support while the EMA200 at $64,834.2 remains the critical long-term resistance.