Bitcoin price has rallied 5.40% over the last 24 hours to trade above $65,000.
Meanwhile, Bitcoin’s market dominance has dropped from around 48% when BTC rallied to hit a new all-time high around $67,000 on October 20 to 43.29% at the time of writing.
Bitcoin was rejected by the downtrend line on November 02 as buyers failed to push the price above the supply zone at $64,324 to $66,834.
The zone between the $62,000 level and the 50-day Simple Moving Average is likely to attract robust bullish support from the buyers.