Bitcoin (BTC) Tests a Critical Zone: Will Buyers Target $64K or Lose Ground to $60K?
The post Bitcoin (BTC) Tests a Critical Zone: Will Buyers Target $64K or Lose Ground to $60K? appeared on BitcoinEthereumNews.com. Bitcoin price is holding near $63.2K. BTC is testing the $64K resistance. The largest asset, Bitcoin (BTC), is knocking on the door of the $64K resistance level again, but it’s stuck in a waiting game. Because the price is sitting right below its 50-day moving average, $65.8K, the market is essentially moving sideways. The real trigger is tomorrow’s FOMC minutes. Traders are glued to this economic update, as any hints on interest rates could easily make waves in the market and break Bitcoin out of this tight box. If buyers can push through and close a daily candle above $64K, it proves they have the strength to fight back toward that $65.8K line. On the flip side, if the news turns sour and sellers take control, the $60.7K level is the line in the sand. Losing that support could trigger a wider market sell-off, while holding it keeps the current recovery a