$BTC **Bitcoin Holds Steady Near Key Support Level Amid Market Volatility**

Bitcoin (BTC) is trading in a tight range just above $60,000 as investors weigh mixed signals in the macroeconomic landscape. Despite recent pressure from stronger-than-expected U.S. economic data, BTC has shown resilience, maintaining its position near a crucial support zone.

Analysts suggest that Bitcoin’s current consolidation phase could set the stage for its next major move. On-chain data indicates strong accumulation by long-term holders, while short-term traders remain cautious ahead of potential Fed policy shifts and geopolitical developments.

The upcoming halving event, expected in April 2024, continues to fuel bullish sentiment among crypto enthusiasts, as historical trends suggest reduced supply could drive prices higher over time. However, regulatory uncertainty and macroeconomic risks remain key factors that could influence BTC’s near-term trajectory.

For now, traders are watching key resistance levels around $65,000, while a sustained drop below $60,000 could signal further downside. As always, volatility remains a defining feature of the crypto market, and investors are advised to stay informed and manage risk accordingly.