Bitcoin's Next Move: Navigating the Post-Halving Landscape & Key Levels 📊

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The dust is settling from Bitcoin's recent halving, and the market is now keenly watching for its next directional move. After a period of consolidation, $BTC is showing signs of renewed interest, but critical resistance and support levels will dictate the short-term trajectory.

Currently, Bitcoin is battling significant overhead resistance around the $70,000 - $71,500 range. A decisive breach and sustained close above this zone would signal strong bullish momentum, potentially targeting new all-time highs. This break would likely be fueled by increasing institutional inflows and positive macroeconomic sentiment.

On the flip side, key support lies firmly at the $66,000 - $67,500 area. This zone has proven resilient during recent pullbacks. A failure to hold this level could see a retest of the $64,000 or even $60,000 psychological support, which would be crucial for establishing a healthy base before the next leg up.

Fundamentals remain strong with continued Spot ETF demand and a shrinking supply post-halving. However, macroeconomic factors, particularly upcoming CPI data and Fed interest rate decisions, will play a pivotal role in investor appetite for risk assets like Bitcoin.

What are your predictions for $BTC in Q3? Are we heading for new highs, or is more consolidation on the horizon? Share your insights below!

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