#TradingTools101 Bitcoin Today: What is happening with $BTC?
Bitcoin ($BTC) continues to dominate the headlines as market volatility keeps traders on alert. After a recent pullback from the $72K resistance zone, $BTC is hovering around the $68K mark, showing signs of consolidation. Bulls are closely watching for a breakout above $70K to confirm a bullish continuation, while bears are eyeing the $65K support for a possible bearish test.
On-chain data shows an increase in accumulation by long-term holders, signaling confidence in Bitcoin's long-term value. Meanwhile, ETF inflows remain strong, reflecting growing institutional interest. Macroeconomic factors, such as US interest rates and inflation data, continue to influence price action.
Whether you're HODLing or trading, this is a key time to stay informed and protect your position. Remember: in crypto, patience and risk management are everything.