According to crypto fund EMC Labs, Bitcoin's performance since the Federal Reserve's 50bp rate hike suggests an upward trend. A decisive moment looms as Bitcoin approaches the crucial range of $64,000-$66,000. Breaking through this range would signal a possible all-time high. BTC is currently hovering near its 200-day SMA on the daily chart. However, a sustained breakout above the downtrend line is crucial. Long-term investors are cautiously reducing holdings, while short-term investors are showing increased buying activity, a common trait in bull market beginnings.