Bitcoin

Key insight

BTC at $66,408 is retesting the critical $67,000–$68,000 supply zone — a clean break above this level would open the path to $70,000 and Standard Chartered's year-end $100,000 target, but the Fed's July 28–29 meeting (with a residual hike risk) is the near-term gating factor.

BTC has recovered from its early-July lows near $62,000 and is now trading above the key $65,000 resistance-turned-support zone, aided by renewed spot ETF inflows reversing a 10-day $2.73B outflow streak.

Main risk

Fed July 28–29 FOMC Hike Risk

Markets price a ~70% chance the Fed holds rates at the July 28–29 meeting, but the tail risk of a hike — not a cut — could trigger a sharp risk-off selloff and drag BTC back below $63,000.