Bitcoin (BTC) hovers above $64,000 on Wednesday, facing persistent headwinds amid hopes of a potential bullish reversal. Crypto market sentiment shows early signs of shifting away from risk-averse conditions, while Venice Token (VVV) and Sky (SKY) are leading gains over the past 24 hours.

CoinMarketCap’s Fear and Greed Index at 41 on Wednesday rises into the neutral territory, indicating a mild shift from risk-off sentiment among investors. 

Technical outlook: Will Bitcoin extend its recovery?

Bitcoin trades around $64,384 at press time on Wednesday, edging lower toward the 50-day Exponential Moving Average (EMA) at roughly $64,368, suggesting a mildly bearish near-term bias. Still, the King…