Bitcoin (BTC) News Today: Fed Rate Speculation Impacts BTC-Spot ETF Market

Will dip buyers see BTC at current levels as a buying opportunity?

Technical Analysis

Bitcoin Analysis

BTC remained below the 50-day EMA but held above the 200-day EMA. The EMAs confirmed the bearish near-term signals but bullish longer-term trends.

A BTC return to $62,500 could signal a break above the $64,000 resistance level. A breakout from the $64,000 resistance would support a move to the 50-day EMA.

SEC activity, sentiment toward the Fed rate path, and US BTC-spot ETF flow trends need consideration.

On the other hand, a break below the $60,365 support level could give the bears a run at the 200-day EMA.

With a 34.46 14-Daily RSI reading, BTC may drop to the 200-day EMA before entering oversold territory.