📉 Bitcoin retreats to $66,000 as strong US data suggests Fe | Biyond Binance Square

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📉 Bitcoin retreats to $66,000 as strong US data suggests Fed won't cut rates soon, pushing Treasury yields up. 💼 Tomorrow's US jobs data and Chair Powell's speech may drive further movement. Whales selling, Leveraged shorts rising, $66K crucial. #Bitcoin #BTC  #BiyondDaily  

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BTC

61 752,01

-4.10%

406

0

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Bitcoin dips despite Chair Powell's optimistic rate cut hints. Middle-East fears, U.S. Government sales, and Mt.Gox impact likely factors. Positive sentiment spike and leveraged traders wiped out. Testing monthly pivot at $62,700. Key support at $60K-$57K. #bitcoin☀️ #CryptoNews! #BiyondDaily #PowellSpeech

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Bitcoin is holding at $66,000 ahead of the Fed's interest rate decision. A rate cut isn't expected today, but September could be in play. High leveraged short positions around current lows hint at potential bear traps. Key liquidation points are at $69k, $70k, and $72k. #FEDDATA #LiquidationHeatmap #LeverageCarefully

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Bitcoin has pulled back sharply due to Mt. Gox's $5.35B BTC distribution tests and the US moving 29,800 BTC from Silk Road. ETF outflows and high positive social sentiment since March 2023 add to the pressure. Open interest is up, increasing market volatility risks. Support at $66k is crucial; a drop below could spell trouble. Fed's Powell addressing rate cuts on Wednesday could boost BTC back to $68k. #bitcoin☀️ #BTC☀ #MtGox #FedDecision #SilkRoad

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Bitcoin has surged towards $70k, alleviating concerns about retesting $66k. Leveraged data targets $70.5k next for bulls. Breaking $72k could trigger a major rally. Watch the Wyckoff pattern aiming for $78k-$85k. High sentiment and profit levels caution, but the bull move might just be starting! 🚀 #bitcoin☀️ #CryptoDecision #BTC☀ #wyckoff #BullRunAhead

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Bitcoin is on the rise ahead of Trump's Nashville speech! 🚀 A rally of $2k-$10k is possible depending on his announcements. RFK Jr.'s BTC-backed fiat plans add more fuel. Biyond indicators show a strong buy signal. Watch out for potential short squeezes this weekend! #CryptoNewsCommunity #BTC☀ #TrumpCryptoSupport #RFKJr #BiyondDaily

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