$BTC Bitcoin ($BTC) recently experienced a notable retracement after facing resistance near the $63,000 mark. Market sentiment remains cautious as traders respond to macroeconomic uncertainties, including interest rate concerns and upcoming U.S. economic data. Despite short-term selling pressure, Bitcoin’s long-term fundamentals remain strong, with continued institutional accumulation and increasing adoption in regions facing inflation. On-chain data shows a rise in dormant wallet activity, possibly signaling accumulation. If $BTC holds support around $60,000, a bullish bounce could follow. However, failure to maintain this level might lead to further downside. Traders are advised to monitor volume and key support zones closely. #Bitcoin