Bitcoin Poised to Rebound to $65,000, KuCoin Predicts

KuCoin's outlook on Bitcoin remains bullish despite a recent pullback.

The cryptocurrency exchange expects the price of Bitcoin to target a new recent high of $65,000. The view is based on strong support levels and a temporary decline in market sentiment.

Oil prices are currently exerting downward pressure on the market, but KuCoin believes this will be short-lived.