VALIDATORS GROUP

📈 NEW: Bitcoin ETF volumes hit 7-week high as $BTC price nears $67K 👉 Read more

Bitcoin is retested in the support area and held above it. This is a good sign as BTC is showing strength in the support area. We may see a continuation of the upward movement towards the $69,000-$70,000 major resistance area.

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Bitcoin has surged due to the US inflation data. The price has managed to break above the $65,000 resistance zone and is holding steady. This is a good sign for the market, and we may see a continuation of the upward movement.

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Bitcoin is currently holding the support area, with the price testing it. This could lead to a continuation of sideways movement near the support area, potentially allowing for some accumulation.

Glassnode has reported that long-term Bitcoin holders, who had sold around 1 million BTC since late 2023, are now accumulating once again. This group has added approximately 70,000 BTC since the bottom of the cycle, as they see value in BTC's price consolidation above $60,000.

Bitcoin’s 90-day correlation with US equities has increased to 0.17, up from a multi-year low of just 0.01 in March. Despite this rise, Bitcoin's correlation with risk assets remains significantly lower than its bull market highs of over 0.6.

Will the Stock Market Crash in 2024 (or is there more upside)? - Leadingtrader.com https://leadingtrader.com/will-the-stock-market-crash-in-2024-or-is-there-more-upside/

Bitcoin bounced from the support area but was unable to keep the upward momentum. Price is now slowly going towards the support area and we may see a bounce from there. Today is FOMC meeting and we are expecting high volatility in the market.