#portfolio

### **Bitcoin (BTC) Current Trends (June 2024)**

1. **Price Movement:**

- Bitcoin has been experiencing **volatility** due to macroeconomic factors (Fed rate decisions, inflation data).

- Recent support levels: **$65,000 - $67,000**

- Resistance levels: **$70,000 - $72,000** (key breakout zone)

2. **Recent Catalysts:**

- **ETF Flows:** Spot Bitcoin ETFs (like BlackRock’s IBIT) continue influencing demand.

- **Macro News:** Fed policy, US CPI data, and geopolitical risks impact BTC’s risk-on/off sentiment.

- **On-Chain Data:** Large holders (whales) accumulating or distributing BTC.

3. **Short-Term Outlook:**

- **Bullish Case:** Break above $72k could target **$75k - $80k**.

- **Bearish Risk:** Drop below $65k may test **$60k support