Bitcoin Price Hinges on Defending Key Levels Amid Macro Catalysts

Bitcoin's recent price action has been met with rejection at $66,956, but the pullback only reached the $63.9k area before climbing back toward $65k.

The bearish swing structure on the 1-day timeframe remains unchanged since October, despite some signs of a potential sentiment shift in bearish ETF flows at the end of last week.

However, selling pressure from miners was down, and Bitcoin was trading within a rising channel. Additionally, whale accumulation from centralized exchanges points toward a bullish long-term outlook for investors.