Bitcoin at a Crossroads: Key Levels to Watch**
Bitcoin is currently testing critical support at $60K as market sentiment remains cautious. Recent developments:
- **ETF flows** show mixed signals, with some institutional accumulation
- **Miner pressure** persists as hash price struggles
- **Macro uncertainty** ahead of Fed decisions keeps volatility elevated
Technical outlook:
🔺 Break above $62.5K could trigger short-covering rally
🔻 Loss of $58K may open path to $54K support
Notable on-chain data:
• Exchange reserves at 5-year lows (bullish long-term)
• Whale accumulation detected below $60K
Are we setting up for a summer rally or more consolidation? #Bitcoin❗ #Crypto #Trading
$BTC