Bitfinex Blog/
Reaching $68,000 Rests On Whether Buyers Return
Bitcoin is testing a resistance band between $68,000 and $68,500, with near-term price action dependent on post-FOMC ETF demand and buyer return. While BTC has seen recent outflows and low spot volume, Ether has shown relative strength and positive ETF inflows.
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Read the original report at Bitfinex BlogWhy It Matters
The market is in a consolidation phase with weak underlying demand for BTC, making the Federal Reserve's rate decision and subsequent ETF flow data critical indicators for the next price trajectory.