Bitcoin is hovering around $60.3K, remaining trapped between $58K and $61K levels. The BTC indicators point to a cautious market. Bitcoin (BTC) is continuing to trade within a well-defined range. Price action remains trapped between key support near $58,000 and resistance around $61,000, with repeated attempts to reclaim the $60,000 region falling short. Recent trading
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Bitcoin came below renewed selling pressure after Federal Reserve Chairman Jerome Powell signaled a cautious stance on future price cuts, triggering a broader market pullback. The important cryptocurrency dropped more than 5% in 24 hours, taking from weekly highs above $74,000 as macroeconomic troubles weighed on investor sentiment. Fed Signals Drive Market Weakness The decline
Bitcoin is currently trading near $70.3K. $249M in BTC liquidations hit the market. Bitcoin is currently trading in a key consolidation zone, referred to as a no-trade zone, between $65,636 and $70,685. This range has seen heavy activity, with over 1.72 million BTC exchanged. It makes it a strong area of both support and resistance.