$BTC Bitcoin’s Recent Price Action – A Bullish or Bearish Sign? $BTC

Bitcoin ($BTC) has recently shown strong volatility, with price fluctuations influenced by macroeconomic factors and institutional interest. Over the past week, Bitcoin tested the $65,000 resistance level but failed to break through, leading to a temporary pullback.

A key factor to watch is the 50-day moving average, which currently acts as support. If BTC holds above this level, we could see a potential retest of $70,000. However, if selling pressure increases and the price drops below support, a further decline toward $60,000 could be expected.

Traders should closely monitor on-chain data, such as Bitcoin's exchange inflows and whale activity, to gauge market sentiment. Whether bullish or bearish, proper risk management and strategic planning remain essential in crypto trading.