Bitcoin has spent the last few days consolidating after recovering from recent lows, with price action centered around the $62,000–$64,000 range. While volatility remains relatively contained, traders are closely watching whether Bitcoin can build enough momentum to extend its recovery toward the next resistance levels. (The Economic Times)
One of the most encouraging developments has been Bitcoin’s ability to defend important technical support. After several successful retests of the support zone, buyers have repeatedly stepped in, preventing a deeper decline. This suggests that demand is gradually returning, although a decisive breakout above nearby resistance is still required to confirm a stronger bullish trend.
Institutional activity has also attracted attention over the past few days. Strategy (formerly MicroStrategy) continued strengthening its balance sheet by increasing its cash reserves to approximately $4 billion, while maintaining one of the world’s largest corporate Bitcoin holdings with more than 842,000 BTC. The company has focused on improving liquidity rather than making additional Bitcoin purchases, reflecting a more defensive capital management strategy during the current market environment. (The Wall Street Journal)
The broader macro backdrop remains mixed. Falling oil prices have eased inflation concerns and provided some support for risk assets. However, higher Treasury yields and cautious institutional positioning continue to limit Bitcoin’s upside momentum. As a result, the cryptocurrency has struggled to sustain rallies despite improving sentiment across traditional financial markets. (The Economic Times)
Market participants are also closely monitoring capital flows into spot Bitcoin ETFs. Although inflows have improved compared with the heavy selling seen earlier this summer, overall demand remains inconsistent. Analysts believe a sustained return of institutional inflows would significantly strengthen Bitcoin’s recovery prospects. (SatsIntel)
Looking ahead, the coming trading sessions could prove decisive. If Bitcoin continues holding above its recent support while breaking through nearby resistance, bullish momentum may accelerate. On the other hand, failure to attract stronger buying volume could keep the market locked in a consolidation phase before the next major move.
Overall, Bitcoin’s short-term structure has improved compared with previous weeks, but confirmation of a new uptrend will likely require stronger institutional demand, higher trading volume, and a successful breakout above key resistance levels.
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