$BTC $BTC (Bitcoin) is trading in a tight range as market participants await clearer signals from macroeconomic indicators and institutional activity. Despite recent volatility, Bitcoin maintains strong support around the $66,000–$67,000 zone, with resistance near $71,000. Institutional interest remains high, driven by the continued growth of spot Bitcoin ETFs, which have attracted billions in inflows. On-chain data indicates strong long-term holder confidence, while short-term traders remain cautious due to uncertainty in U.S. inflation and interest rate trends. Regulatory updates globally are also influencing sentiment. Technically, if Bitcoin breaks above $71K, it could resume its bullish momentum toward new highs. However, a dip below key support might lead to a short-term correction. Overall, Bitcoin remains resilient amid broader market fluctuations.
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