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 was rejected from the $65,000–$65,500 resistance zone and has slipped back toward the mid-$63,000s, which is emerging as an important near-term support area. Short-term momentum remains bearish, with price action vulnerable to further volatility ahead of the U.S. CPI report. A recovery above $65,000 would help stabilize the structure, while a break below the mid-$63,000s could increase downside pressure.
Investors looking to contextualize the move locally can track Bitcoin’s live price in INR.
Bitcoin continues to consolidate after the recent sell-off, trading in a narrow range around the $64,000 region as buyers and sellers remain balanced. The short-term trend remains sideways, with choppy price action likely to persist in the near term. On the weekly timeframe, Bitcoin remains range-bound, while the monthly chart continues to print a green candle, keeping the broader outlook constructive. The higher-timeframe structure remains intact as long as Bitcoin holds above key support levels, particularly the mid-$63,000s.
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 | 49 | NEUTRAL |
| 4H | 44 | NEUTRAL |
| 1D | 50 | NEUTRAL |
Learn more about XRP’s tokenomics, pros and cons, and whitepaper summary in our detailed XRP Page.
Want to understand the Moving Average Convergence Divergence (MACD)? Read here.
| Timeframe | Status |
|---|---|
| 1H | BEARISH |
| 4H | BEARISH |
| 1D | BULLISH |
Also Read: Best Bitcoin Wallets in India in 2026
Bitcoin remains in a volatile consolidation phase, with macro factors now driving short-term price action. Geopolitical uncertainty around the Strait of Hormuz, higher oil prices, negative ETF flows, and leveraged liquidations have increased selling pressure. However, the broader structure remains intact, with investors now looking toward upcoming inflation data for the next major catalyst.
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.
