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Bitcoin (BTC) is trading around $62,000â$63,000 after a volatile week. The market remains cautious as geopolitical tensions and broader risk-off sentiment have pressured crypto prices.
Key Technical Levels
đą Support: $60,000â$61,000
đŽ Resistance: $64,000â$66,000
If BTC holds above support, buyers could attempt another move toward $65Kâ$66K. A break below $60K may lead to further downside.
Market Sentiment
ETF inflows show that institutional interest still exists despite recent price weakness.
Investors remain cautious due to #BTCExchangeSupplyFallsTo9YearLow #USStrikes80PlusIranianTargets macroeconomic uncertainty and geopolitical events.
Outlook:
Bitcoin is currently in a consolidation phase. The long-term trend remains constructive if key support levels hold, but short-term volatility is likely to continue.
#FedMinutesShowSplitOnRateHikes #USLaunchesNewStrikesAgainstIran #HormuzOilTankerTrafficNearlyStalls #
