$BTC Bitcoin (BTC) shows signs of potential bullish momentum today due to a mix of technical and fundamental factors. After consolidating near a key support level, BTC has held steady above a crucial moving average, suggesting strong buyer interest. If it maintains support above $65,000, bulls may attempt to push the price toward the next resistance near $68,000–$70,000.

On-chain metrics also support a bullish outlook. Whale activity has increased, with large holders accumulating BTC, a typical precursor to upward price moves. In addition, Bitcoin's recent halving has reduced miner rewards, tightening supply — a historically bullish catalyst over the medium to long term.

Macro conditions, including expectations of a U.S. Federal Reserve interest rate pause or cut, are encouraging risk-on sentiment, which favors assets like BTC. Also, growing institutional interest through ETFs and increasing retail confidence are adding fuel to the bullish case.

However, BTC’s ability to remain bullish depends on market sentiment and volume. If BTC breaks key resistance levels with strong volume, we could see a rally. But failure to hold support could bring downside. Overall, today’s signals lean bullish, but traders should watch for confirmation through price action and momentum indicators.