Bitcoin rebounds more than 15% toward $68,000 resistance, holds above 200-week average

U.S. stock index futures were all lower, while Super Micro Computer jumped 15.8% in after-hours trading and SpaceX extended gains after ending a seven-day losing streak.

Summary

Bitcoin has rebounded more than 15% from its low and is now confronting resistance near $68,000, while remaining above its 200-week moving average (a long-term trend indicator). The broader risk backdrop was weaker, with futures tied to the three major U.S. stock indexes all falling. In individual names, Super Micro Computer, or SMCI, rose 15.8% in after-hours trading, while SpaceX continued to climb after snapping a seven-day losing streak. The market was also positioning in advance of an AMD AI event.

Terms & Concepts
  • 200-week moving average: A long-term price trend indicator.
  • resistance: A price level where selling may emerge.
  • after-hours trading: Trading that happens after regular market hours.