Bitcoin Tests Resistance at $65,700 Ahead of Fed Decision
Bitcoin reclaimed $65,000 in price before the Federal Reserve's policy decision on Wednesday. Binance market data placed BTC near $65,300, while CoinMarketCap showed rising daily volume.
The rebound returned BTC above a closely watched psychological level of $65,000, but exchange-flow data showed retail transfers remained stronger than whale deposits before the policy announcement.
Resistance near $65,700 could determine the next directional move, according to analyst That Martini Guy, who placed the following resistance near $67,200 provided the market held above $64,000.