Why Bitcoin's Potential Rebound May Face Resistance at $65K | Chart of the Day

Bitcoin ended June with a 7% loss mainly due to miner selling and concerns that ETF inflows represent non-directional arbitrage bets instead of outright bullish bets. As the leading cryptocurrency by market cap seeks momentum from the drop, on-chain data suggests that there may be a potential resistance at $65,000 for BTC’s recovery. CoinDesk's Jennifer Sanasie presents the "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk/ Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.