$BTC Bitcoin (BTC) is currently experiencing mixed signals as it consolidates within a narrow range, hovering around $60,000–$63,000. While bullish sentiment persists due to strong institutional demand and the recent halving event, increased market volatility and macroeconomic uncertainties (like Fed rate decisions) have kept prices under pressure. Short-term, BTC may face further downside risk (📉) if it breaks below $60,000, potentially testing $56,000–$58,000 support. However, long-term prospects remain optimistic (📈), with analysts predicting a rally toward $80,000+ later in 2024, driven by ETF inflows and diminishing supply. Traders should watch for key resistance at $65,000—a breakout could signal the next upward move. 🚀