"The Bitcoin price remains in a narrow but pivotal trading range near $67,000-$68,000, with the market wrestling between sustained consolidation, escalating downside risk, and thematic narratives from technical and fundamentals that frame the near term. Current live data tracking from Bitcoin Magazine Pro shows the Bitcoin price trading below $68,000, with slight declines over the last 24 hours reflecting a lack of dominant drivers in either direction."
""Macro news has been closely correlated with crypto's risk profile the last 12 months," said Paul Howard, senior director at market maker Wincent, according to Bloomberg. Howard said Bitcoin may enter a consolidation phase as it looks for new catalysts to shape market sentiment. He noted that a U.S. Supreme Court decision on tariffs expected Friday could have a bigger impact than the Fed's meeting minutes or upcoming inflation data."
"Bitcoin's price action has been semi-muted over the last week, with a bounce from a bitcoin price of $60,000 failing to break resistance at $71,800 and instead dipping to support near $65,650 before closing around $67,000. Bears remain in control as buyers have shown little follow-through, and a daily close below $65,650 could open the door to $63,000 and potentially the key Fibonacci level near $57,800."
Bitcoin is trading in a tight range near $67,000-$68,000, with slight 24-hour declines and no clear directional driver. Macro developments have closely influenced crypto risk over the past year, and a pending U.S. Supreme Court decision on tariffs could shift sentiment more than Fed minutes or inflation prints. The asset has held roughly between $65,100 and $72,000 since a Feb. 5 selloff, with volatility reduced but no decisive breakout. Technicals show resistance at $71,800 and support near $65,650; a daily close below that support could expose $63,000 and the $57,800 Fibonacci level. Some institutional buyers continue to add exposure.
Read at Bitcoin Magazine
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