Bitcoin holds steady after Sunday's rally, though full-fledged reversal may take longer

Bitcoin is holding above $63,000 after rallying on Sunday. The price is now hovering near a key 200-week moving average that often marks major cycle turning points. What to know : Bitcoin is holding above $63,000 after a Sunday rally tied to Michael Saylor’s renewed buying signal. The price is now hovering near the key 200-week moving average that often marks major cycle turning points. Market stress is easing as implied volatility retreats and speculative call options dominate bitcoin options trading, but note the fragile sentiment, dealer gamma dynamics around $60,000.