📈 Bitcoin (BTC) Market Update – Past Few Days
Bitcoin has been trading in a tight range over the last few days, struggling to break past the $71K resistance level. After showing bullish momentum earlier in the week, stronger-than-expected U.S. inflation data and investor caution ahead of the Fed’s interest rate decision triggered a slight correction. BTC briefly dropped below $69K but quickly recovered, reflecting strong support levels and continued institutional interest.
On-chain data suggests whales are still accumulating, while long-term holders remain confident. However, the lack of a clear breakout has left short-term traders in limbo.
The market is watching the Fed meeting and macroeconomic indicators closely, which could define BTC’s next major move.
