Bitcoin (BTC) price edges above $64,000 at press time on Wednesday, heading toward its 50-day Exponential Moving Average (EMA) at $64,652. Meanwhile, Pump.fun (PUMP) and Zcash (ZEC) sustain gains after a rebound on Tuesday, with bulls eyeing further upside.

Technical outlook: Will Bitcoin reclaim $65,000?

Bitcoin retains a broader bearish bias, trading below the 50-day EMA at $64,652 and well under the 200-day EMA at $73,069. The King Crypto must reclaim the 50-day EMA at $64,652 to challenge the $67,516 resistance level marked by the June 3 high. A sustained close above this level could confirm the bullish reversal in Bitcoin.

Momentum is mixed on the daily chart, with the Relative Strength Index (RSI) at 51 broadly neutral, while the…