The market experienced a 2% surge following the introduction of spot Bitcoin ETFs in Hong Kong.
#Bitcoin bounced back from $61,800 support, peaking at $64,700 before consolidating above $63,000.
The price has remained range-bound between $61,000 and $65,000, reflecting a tense standoff between bulls and bears.
A triple-top pattern has emerged around $70,000, with a neckline established at $60,000.
BTC is currently hovering inside the Bullish Flag Pattern on the daily chart.
Traders are eagerly awaiting the Federal Open Market Committee meeting scheduled for Tomorrow.
Ongoing supply pressure might push $BTC down by 6.00%, testing the lower trendline of the pattern at $60,000.
According to Coin Gabbar analysis, Conversely, if support holds, an upward correction towards $67,000 could signal the beginning of an uptrend.
KEY LEVELS :
RESISTANCE LEVEL : $64,000-$65,200
SUPPORT LEVEL : $62,400-$61,000
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