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Bitcoin hovers near $63.2K, eyes $64K resistance ahead of key Fed minutes.

Technical Signals
07 Jul 2026
TheNewsCrypto
View Source
Neutral
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Bitcoin is trading around $63,200 and testing the $64,000 resistance level but remains stuck below its 50-day moving average of $65,800, causing sideways market movement. Traders await the Federal Open Market Committee (FOMC) minutes, which could influence interest rate expectations and trigger a breakout or sell-off. A daily close above $64,000 would signal bullish strength, while a drop below $60,700 could lead to broader market declines. Technical indicators show a long-term bullish trend but a short-term slowdown, with the market consolidating before its next major move.

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