Bitcoin reached a high of $66,956 on July 21 before pulling back to $63,900. Since October, the leading cryptocurrency has been in a bearish swing structure on the daily chart. Key levels to watch are $61,000, a support defended by buyers, and $67,292, a resistance yet to be breached. The Federal Reserve’s rate decision on July 29 and PCE data the following day could determine the next price direction. If BTC breaks above $67,200, a rally toward $73,000-$77,000 becomes likely, while a drop below $63,700 would expose demand zones at $61,000 and $57,800.
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