Bitcoin (BTC) is currently consolidating between $65,000-$67,000, struggling to break the $70,000 resistance. Key support lies at $60,000 -$62,000; a drop below could trigger further declines. Market sentiment is neutral-to-cautious, with ETF inflows slowing but institutional interest (like MicroStrategy’s holdings) remaining strong. Macro factors like Fed rate cuts and DXY movements influence BTC’s direction. On-chain data shows long-term holders accumulating, reducing sell pressure. Regulatory developments, including SEC actions on ETFs, remain critical. A breakout above $70,000 could signal a new rally, while a fall below $60,000 may lead to deeper corrections. Upcoming catalysts include U.S. elections and broader crypto adoption. Overall, BTC remains in a wait-and-watch phase with bullish potential if key levels hold.
