$BTC Bitcoin (BTC) Today: Current Status

Current price (estimated):

BTC/USD: $57,000 – $59,000 (typical range in recent days)

(Exact data may vary, I can provide you with an updated one if you want)

Recent trend:

Moderate correction from the second quarter highs.

Strong support around $56,000.

Key resistance around $60,000–$62,000.

Market sentiment:

Neutral to slightly bearish, with caution from investors.

High correlation with recent macroeconomic data (employment in the U.S., interest rate expectations).

Recent events that have influenced BTC:

FED and Monetary Policy

Jerome Powell and the Fed have not cut rates yet, keeping the dollar strong.

This puts pressure on BTC and risk assets.

Whale movements

Significant BTC withdrawals have been detected from exchanges to cold wallets → a sign of accumulation.

Bitcoin Spot ETFs

Although they have been operational since early 2024, the volume has decreased lately. However, there is still positive net inflow, which is bullish in the long term.