Bitcoin’s (BTC) upside remains capped on Wednesday while the downside appears strongly supported above $64,000. The Crypto King’s early week rebound lost momentum near $65,000 as investors assessed the impact of geopolitical tensions in the Middle East.

Altcoins, including Ethereum (ETH) and Ripple (XRP), are broadly consolidating with ETH trading above $1,900 and XRP above $1.00. Rebounds are increasingly difficult to sustain, despite the tokens holding key support levels and sentiment improving.

Crypto market sentiment is currently embedded in the Fear territory of the Fear & Greed Index on Wednesday, up slightly from 41 the day before and 27 in the previous week. If this growth continues, risk-on sentiment could boost investor…