Bitcoin's price has been steadily recovering and has reached key resistance levels, but faces strong resistance at $64K. A breakout above this level could lead to a new all-time high. Miners reducing selling pressure suggests a potential rally as supply tightens. VirtualBacon warns that despite Bitcoin's recent surge, it remains in a choppy range and $65K is the key level to watch for a confirmed uptrend. He also suggests a cautious trading strategy, holding spot positions and avoiding leverage. The unemployment rate will be crucial in determining the potential for a recession. Lower rates by the Fed and upcoming economic data may impact market volatility.



Other News from Today