$BTC

Bitcoin ($BTC) continues to hover near the $66,000 mark as markets await a decisive move following last week’s choppy price action. After briefly testing resistance at $67.5K, BTC pulled back slightly, showing signs of consolidation. Traders are closely watching macroeconomic cues, including the upcoming U.S. inflation data and potential Fed commentary that could shake risk markets.

On-chain metrics suggest accumulation is still strong among long-term holders, while exchange inflows remain relatively low—typically a bullish indicator. However, short-term sentiment remains cautious as the price struggles to break past key resistance levels.

Technical indicators show $BTC is trading just above the 50-day EMA, with the RSI in neutral territory—signaling room for movement either way. A confirmed breakout above $67.5K could trigger momentum toward $70K, while failure to hold $65K might open doors to a retest of $62K.

Traders should stay alert—volatility is likely ahead.

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