Analysis shows that the important support level for Bitcoin is $64,500, and currently, the bears are not strong enough to push Bitcoin quickly below $60,000

Cryptanalysis expert Murphy stated, "Using 10yRP as the historical average turnover cost of Bitcoin is more effective for assessing market sentiment. When the price approaches 10yRP (around $64,500), it often nears the psychological limit of the market. BTC has repeatedly fallen below this level and then regained it, showing a strong resistance willingness from bulls at this sensitive price point, unlike the rapid decline seen when approaching STH-RP previously.

The current greatest uncertainty in the market still stems from the geopolitical conflict between the U.S. and Iran. As key events unfold, attention should be paid to the scope and duration of the conflict and its impact on oil prices. However, at least over the weekend, with a lack of significant participation from institutions and market makers, the bearish forces are insufficient to push BTC rapidly below the $60,000 mark. This judgment still needs to be further validated after the U.S. stock market opens next week. If the trend is confirmed, the previous analysis logic regarding "how far this rebound can go" and key resistance levels will still hold."