#bitcone in two day going 67000#TrumpTariffs Bitcoin (BTC) continues to display resilience in the face of macroeconomic uncertainty, with the BTC/USD pair stabilizing above the psychologically key $65,000 level. Following weeks of volatility triggered by shifting Federal Reserve policy expectations and ongoing regulatory discussions in the U.S., traders are watching closely for signs of the next major move.

Price Action and Technical Snapshot

As of early April, BTC/USD is consolidating between $64,500 and $67,800, forming a potential bullish flag on the daily chart. The 50-day moving average is acting as short-term support, while the RSI hovers near neutral levels—signaling a potential breakout as momentum builds.

Key resistance lies near $69,000—the previous all-time high zone retested multiple times since early 2024. A clear break above this level could pave the way for a retest of $73,000 and beyond, especially if institutional inflows continue.

Macroeconomic Backdrop

Bitcoin’s recent strength is partially supported by cooling inflation data and expectations that the Fed may pause or slow further rate hikes. With risk assets showing renewed interest from investors, BTC is increasingly behaving like a digital safe haven and hedge against dollar weakness.

Moreover, increased Bitcoin ETF adoption and ongoing accumulation by large funds (including pension and sovereign wealth) are tightening supply on exchanges, bolstering bullish sentiment.

On-Chain and Market Sentiment

Glassnode data reveals that long-term holders are reducing sell pressure, while exchange outflows have hit a three-month high. Open interest in Bitcoin futures is also climbing, indicating growing interest from leveraged traders—though this could add short-term volatility.

Social sentiment remains mixed. While Bitcoin bulls anticipate a pre-halving rally, skeptics warn that macro headwinds and geopolitical tensions could dampen upside potential in the near term.

What to Watch Next

• April CPI & Jobs Report: Key U.S. economic data could sway Fed policy and impact BTC price.