Bitcoin is trading below $64,000 at press time on Wednesday amid a broader market risk-off sentiment. Emerging as top performers over the last 24 hours, Chainlink (LINK) and Dogecoin (DOGE) sustain gains, hinting at an extended recovery.

CoinMarketCap’s Fear and Greed Index at 38 reflects persistent risk-averse sentiment in the crypto market.

Technical outlook: Will Bitcoin extend losses?

Bitcoin maintains a bearish near-term tone as the price remains below the 50-day Exponential Moving Average (EMA) at $64,583, with the 100-day and 200-day EMAs at $66,736 and $72,190, respectively, suggesting the broader trend remains under pressure.

From a technical perspective, BTC is trading marginally…