Bitcoin (BTC) is experiencing a week full of challenges, currently trading within the range of $61,000 to $63,000 after a significant decline from levels of $71,000. This recent drop broke the medium-term bullish trend and put the market in a state of anticipation.

Here is a detailed look at the expectations and market-driving factors in the coming days:
Factors Influencing Price This Week
Inflation Data and the U.S. Federal Reserve (Fed) Stance: Ongoing inflation (especially Consumer Price Index (CPI) and Producer Price Index (PPI) data) reinforces expectations that the Fed will not cut interest rates anytime soon. Keeping interest rates high usually puts pressure on high-risk assets like Bitcoin.
Outflows from Funds (ETFs): Bitcoin spot ETFs in the United States have experienced a wave of continuous outflows this week (some days saw withdrawals of more than $200 million), adding direct selling pressure to the market.
Geopolitical Tensions: Renewed concerns in the Middle East are prompting some investors to shy away from risk, reducing liquidity flowing into digital currencies.
Technical Levels to Watch (Support and Resistance)
The market currently shows a bearish bias as it trades below the main moving averages (50, 100, and 200 days).
Bearish Scenario (Continued Correction): If selling pressure persists and Bitcoin cannot hold above $60,000, it may test deeper support levels. Some on-chain data analyses indicate that the $53,600 level (which represents the "realized price" or the average purchase cost for miners and investors) could be the next potential bottom in case of a sharp decline.
Bullish Scenario (Recovery): To return to an upward trend and regain buyer confidence, the price needs to break through and stay above technical resistance zones around $72,000 to $73,000. Until then, any rise is considered a temporary recovery. $BTC