$BTC BTC Latest Analyst Update:
Bitcoin $BTC has shown significant volatility over the past week, fluctuating between $34,000 and $36,500. The market sentiment remains cautious as investors await further regulatory clarity, particularly with the growing scrutiny of digital assets by global authorities.
Technically, $BTC
trading above the $34,000 support level, which remains critical. A breakout above $36,500 could signal a continuation toward the $40,000 resistance. On the downside, a breach below $34,000 could open the door for a pullback to $30,000.
Overall, analysts suggest that Bitcoin's short-term price action may depend heavily on external macroeconomic factors, including interest rate decisions and inflation data. As always, market participants are advised to watch for key resistance and support levels while staying updated on regulatory news.
