BTCUSD | Will Bitcoin Prices Recover Further?Bitcoin / U.S. dollarBITSTAMP:BTCUSDDatTongFundamental approach: - Bitcoin prices reached a 2-week high as easing geopolitical risks revived risk-on sentiment, though ETF outflows persist. - BTCUSD breached a key short-term level amid renewed buying interest, yet spot bitcoin ETFs recorded net outflows of 131.2 mln USD, with CryptoQuant citing persistently negative demand. - A hawkish signal from the Fed at the upcoming FOMC meeting may cap further upside for BTCUSD. Technical approach: - After retesting the resistance at 67250, BTCUSD corrected toward both EMAs. The price is above golden-crossed EMAs, indicating a potential shift to an uptrend. - If BTCUSD breaks above 67250, it may surge toward the next resistance levels at 69000 and 72500. - Conversely, remaining below 67250 may prompt a retest of both EMAs. Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness