BTC’s Next Move: Consolidation or Breakout?
$BTC has been consolidating in a tight range over the past week, hovering near the $60K–$62K zone. This sideways movement often precedes major volatility, and traders are split between expecting a breakout to $65K or a pullback to $58K.
Key bullish signals:
On-chain data shows increased accumulation by long-term holders.
Bitcoin’s hash rate remains near all-time highs, signaling strong miner confidence.
The U.S. spot Bitcoin ETFs continue to see net inflows, albeit at a slower pace.
Bearish risks:
Resistance around $62K has rejected price multiple times.
Global macroeconomic uncertainty and potential rate hike fears still linger.
My take: If $BTC breaks above $62.5K with strong volume, we could see a swift move to $65K+. But if it fails and breaks below $60K, a retest of $58K is on the table.
What’s your view? Are we gearing up for a bullish breakout or a bearish dip?
