
Analysis4h agoยท2 min readยท15 views
Bitcoin Eyes $67K โ But Can Bulls Actually Hold It?
BTC is flirting with $67,000 as macro tensions and economic data collide. Here is what is really going on under the hood.
Bitcoin is making another push toward $67,000, and the usual suspects are screaming "breakout incoming." But let us slow down and look at what is actually driving this move.
The Macro Setup
Global tensions are heating up โ geopolitical uncertainty, mixed economic data, and a Fed that still has not committed to rate cuts. In theory, this is bullish for BTC as a hedge. In practice? The market has been faking out traders for weeks.What The Charts Say
BTC is sitting right below a key resistance zone. Volume is decent but not convincing. We have seen this movie before โ price pushes up, retail gets excited, smart money distributes. The $67K level has been rejected multiple times. For a real breakout, we need: - Sustained volume above average - Daily close above $67,500 - ETF inflows picking up (they have been flat)The Bear Case Nobody Wants to Hear
Fear & Greed is at 9. NINE. That is extreme fear territory. While contrarians love buying fear, extreme fear can also mean the market knows something you do not. If $67K rejects again, the next support is around $64K-$65K. A break below that opens the door to $60K.0xShadow Take
Short-term: neutral to slightly bearish. The setup is not convincing enough for a long here. Wait for a confirmed breakout or a deeper dip to accumulate. Long-term: still bullish. BTC has survived worse. But timing matters, and right now the risk-reward is not great for new entries.Share๐ Twitter


