Despite the halving month for Bitcoin, the cryptocurrency market remains uncertain as leading coins like Bitcoin and Ethereum have been in a narrow consolidation phase for over a week.

CORE token has experienced a surge in momentum, hitting a 52-week high of $3.68 and gaining $36.3 in just one day. Starting its recovery process in March, CORE bounced back from a support level of $0.534, witnessing a 547% increase within two weeks, reaching around $3.5.

With a market cap of $3.08 billion, CORE has entered the top 50 cryptocurrencies list. The recent price surge is attributed to Core DAO's launch of coreBTC, which integrates Bitcoin's security features into the DeFi experience. This move aims to tie Bitcoin securely to CORE.

Analyzing the higher time frame, CORE is showing a bullish reversal pattern called a rounding bottom, indicating a potential uptrend after the downtrend matures. Breaking through the $3.5 resistance level today, CORE might rally up to $3.74 and then $4.6, according to experts. However, a slight pullback could provide better entry opportunities for new investors looking to join the rally.

The original post can be found on COINTURK NEWS: Bitcoin Remains Steady as CORE Token Surges to New Heights