Recent News Affecting Bitcoin:
Interest Rates Decision - The U.S. Federal Reserve's decisions on interest rates have historically impacted Bitcoin prices. An upcoming meeting could significantly influence the market
Bitcoin's price is currently in a consolidation phase, with key support and resistance levels in focus. Market reactions to regulatory decisions and macroeconomic factors will be crucial in determining the next moves. Investors should monitor these levels closely and consider the broader market conditions when making trading decisions.
Bitcoin Support Levels & Resistance Levels
$61,000 - Identified as a critical support level in Bitcoin's current price consolidation phase. If this level fails to hold, potential lower supports are at $56,200 and $51,600
$50,000 - Another key support level noted by analysts. A drop below this could indicate further downside risks
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