Bitcoin is trading at $64,387, down 0.90% in the last 24 hours, as investors remain cautious following the Federal Reserve’s hawkish policy outlook and fading optimism over U.S. crypto regulation. Weak institutional participation, including subdued ETF demand and lower trading activity, has also limited buying momentum. Adding to the cautious sentiment, recent security concerns surrounding older Coldcard hardware wallets and broader macro uncertainty have kept Bitcoin trading under pressure.
Technical: Bitcoin continues to consolidate around the $64,000 region, with price action remaining range-bound and lacking clear directional momentum. The short-term and weekly trends remain sideways, while the monthly chart continues to print a green candle, suggesting the broader trend remains constructive despite the ongoing consolidation.
Investors looking to contextualize the move locally can track Bitcoin’s live price in INR.
Bitcoin continues to consolidate following last week’s neutral Fed decision and is trading in a narrow range, with the short-term trend remaining sideways. Choppy price action is expected to continue in the near term as buyers and sellers remain in balance. On the weekly timeframe, the trend is still range-bound, while the monthly chart continues to print a green candle, keeping the broader outlook constructive. The higher-timeframe structure also remains intact as long as Bitcoin continues to hold above key support levels.
Key levels to watch:
• Resistance: $67.3K
• Support: $58.4K
Want to learn technical analysis? Read more.
| Level | Price |
|---|---|
| Resistance | $74K |
| Major Resistance | $67.3K |
| Support | $58.4K |
| Other Support | $53.8K |
Want to understand the Relative Strength Index (RSI)? Read here.
| Timeframe | RSI Value | Signal |
|---|---|---|
| 1H | 60 | NEUTRAL |
| 4H | 59 | NEUTRAL |
| 1D | 53 | NEUTRAL |
Want to understand the Moving Average Convergence Divergence (MACD)? Read here.
| Timeframe | Status |
|---|---|
| 1H | BEARISH |
| 4H | BULLISH |
| 1D | BULLISH |
Bitcoin continues to trade in a consolidation phase, with investors waiting for stronger macro and institutional catalysts before committing to the next directional move. While the long-term structure remains healthy, cautious sentiment following the Fed meeting, subdued trading activity, and the lack of a near-term catalyst are keeping prices range-bound.
Staying updated on these evolving factors doesn’t have to be complicated—our Twitter Page delivers clear, timely insights and real-time alerts to help you navigate the crypto market confidently and effectively.
3 simple steps:
1. Find support & resistance levels on your chart
2. Check RSI & MACD for direction (bullish or bearish)
3. Make a trade: Bullish setup = Buy near support
–Bearish setup = Sell near resistance
–Neutral setup = Wait for confirmation
Always use a stop loss to protect your money if trade goes wrong.
Support = Price level where Bitcoin bounces UP (buyers step in)
Resistance = Price level where Bitcoin bounces DOWN (sellers step in)
Example:
-If Bitcoin keeps bouncing at $44,000, that’s support
-If Bitcoin keeps dropping at $45,000, that’s resistance
Traders buy near support and sell near resistance.
RSI is an indicator that measures how fast and how much the price of Bitcoin changes. It’s scored from 0 to 100.
–Above 70 = Bitcoin is overbought (price might drop soon)
–Below 30 = Bitcoin is oversold (price might go up soon)
–30-70 = Normal trading range
Simple analogy: Think of RSI as a fuel tank. Full tank (70+) = time to slow down. Empty tank (<30) = time to fill up.
MACD is a trend-following indicator that shows if Bitcoin momentum is bullish or bearish.
–MACD above signal line = Price likely going UP (Bullish)
–MACD below signal line = Price likely going DOWN (Bearish)
–Expanding bars = Momentum getting stronger
–Shrinking bars = Momentum getting weaker
Simple analogy: MACD is like a traffic light. Green light = go long, Red light = go short.
Anupam has over 3 years of experience in the crypto industry, having worked with top indian crypto exchanges. He writes about Bitcoin, altcoins, AI, and emerging tech, helping readers understand what’s driving markets and where the digital asset ecosystem is headed.
