Bitcoin recovers to near $65k: sustained rebound or dead-cat bounce? By Investing.com

Bitcoin has rebounded to near $65,000 this week, but multiple technical signals point to a potential bear-market “dead cat bounce.” As of Aug 18 at 2:58 a.m. EDT, BTC was trading around $64,320 after moving within a tight range for months. The daily chart shows a “Buy,” while the weekly read is “Sell” and the monthly is “Strong Sell,” matching a classic bear-trap pattern. Momentum also looks weak: the weekly MACD is deeply negative, and the daily MACD remains negative. The daily stochastic at 96.6 flags near-term overbought conditions. Key resistances include $64,858, $65,839 and $66,603. Failure there would reinforce the bearish case.