Bitcoin is at an important crossroads. After the recent decline and its proximity to the strong support area around $61,000, everyone is watching to see if it will bounce back up again or break this level and head for further decline.

Technical analysis suggests a possible near-term rebound if the price maintains the current support, and we could see a rise towards $66,000 and then $68,500. However, in the case of a break, the next levels could be $59,000 and even $56,000.

Economic factors such as Federal Reserve decisions and fluctuations in market liquidity play a pivotal role. We recommend careful monitoring and determining the strategy based on actual price movement.