Why Canât Bitcoin Break $64.5K? đ€
After surging to $64,816, Bitcoin hit a wall at $64.5K, a level tested back in August. So, whatâs holding it back? Hereâs a quick breakdown:
1ïžâŁ Weak Macroeconomic Data: U.S. housing market struggles, with new home sales dipping for 7 months straight. Investors fear a looming economic slowdown. đ đ
2ïžâŁ Chinaâs Economic Woes: Despite stimulus efforts, Chinaâs central bank hasnât eased fears of a bigger downturn. đđž
3ïžâŁ Stock Market Correction Fears: A new S&P 500 high has investors on edgeâwhat happens if the stock market corrects? đđŹ
4ïžâŁ US Election Uncertainty: November's election could shake up crypto policyâbig changes on the horizon! đșđžđ€Ż
Even Bitcoinâs futures premium is signaling hesitation. Are traders losing steam? âł
The long-term game is still strong, but the short-term hurdles are real. What's your next move? đ€đ #Bitcoin #CryptoNews #Binance