Bitcoin remains the king of crypto, and its price movements often set the tone for the entire market. As of this week, $BTC is showing signs of consolidation after a volatile month, hovering near key resistance and support levels. Analysts are eyeing the $70K threshold, which, if broken, could spark a fresh bullish wave. On-chain metrics like whale accumulation and decreasing exchange reserves suggest long-term holders are preparing for a potential breakout. Meanwhile, macroeconomic indicators—such as interest rate decisions and inflation data—continue to influence investor sentiment. Traders should stay cautious, as short-term corrections are likely in such uncertain conditions. For those new to crypto, $BTC remains a bellwether worth tracking daily, not just for trading opportunities but also for market direction. Whether you’re hodling or scalping, understanding Bitcoin’s patterns is essential for navigating the crypto landscape.
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