Bitcoin Price Stabilizes Amid Fed Decision and Technical Resistance

The Bitcoin price has been trading around $63,916.87 after the US Federal Reserve left interest rates unchanged at 3.50%-3.75%. The decision kept investors on edge as they weigh macroeconomic uncertainty and institutional demand.

The technical structure of BTC shows a bearish near-term bias with prices below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs). Immediate resistance lies at $64,967, followed by $67,621 and $73,665.

Glassnode data indicates that Bitcoin has underperformed during the latest dollar rally, making it one of its weakest relative performances compared with previous market cycles. However, institutional flows and macro risks are expected to continue impacting prices.