Bitcoin is still holding at the daily support level, indicating strong buying interest and stability at this price point. We expect it to move upwards with a favorable risk-to-reward ratio, suggesting that the potential gains outweigh the risks involved. The key level to watch is the daily resistance at $70,500, which Bitcoin aims to break. ------------------------------------------- This week is a crucial one for Bitcoin. Wednesday: CPI index will be released. Thursday: Federal fund rate announcement. A significant volume of trades is awaiting these decisions. Currently, the price is moving close to the 2020 ATH (All-Time High). If the news is positive, the price could reach the high liquidity zone of $74,000 and potentially $80,000, where a substantial amount of liquidity ($10 billion) has accumulated.
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