The local growth of Bitcoin, which we observed yesterday, with the overcoming of the local maximum around the $68400 level, ended with the scenario described earlier, namely, the price returning below the $68400 mark. The effect produced by the statements of officials at the Bitcoin 2024 conference in Nashville was not enough to overcome the historical highs of the price.
If the decline continues, the next local target will be testing the $62,000 - $63,000 zone. The probability of further decline will need to be assessed based on price dynamics near these levels. As for price growth, without significant fundamental reasons provoking aggressive purchases, overcoming historical highs looks unlikely.

Additionally, we remind you that tomorrow's decision by the US Federal Reserve regarding the key rate may become a catalyst for increased volatility. Also, today's data on the labor market and the index reflecting consumer confidence in the United States should remain in focus.