A dip and bounce at the 200 daily moving average around $63,700 would definitely be bullish for Bitcoin.
Historically, such price action signals strong support, often leading to upward momentum.
Many traders watch these key levels closely, and a successful bounce could attract more buying interest, potentially driving the price higher.
It's crucial to monitor market sentiment and volume around that point to gauge the strength of any bounce.
For more insights on Bitcoin's price movements, check out sources like CoinDesk and CryptoSlate.
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