Today’s BTC USD price prediction has Bitcoin clinging to the low $60,000s after printing a 21-month low of $59,103 on Wednesday, a level that rattled short-term holders and triggered the week’s sharpest institutional outflow.

The modest Thursday bounce to around $61,700 looks more like relief than reversal. Whether it holds depends almost entirely on what the PCE data says about inflation, and what that implies for the Fed’s next move.

According to SoSoValue, spot Bitcoin ETFs (exchange-traded funds) recorded a net outflow of $469.08M on Wednesday alone, following two consecutive days of outflows earlier this week.

The PCE Price Index, the Federal Reserve’s preferred measure of consumer inflation, prints on Thursday, and traders are treating it as a binary event for Bitcoin’s next directional leg.

BTC USD Price Prediction: Can Bitcoin Price Recover Above $63,000 This Week?

Bitcoin is trading near $61,500 after recovering from Wednesday’s $59,103 low, but the 24-hour range tells the real story: $59,010.74 to $63,156.34, per Bitbo data. That’s a $4,100 intraday spread, which reflects indecision rather than conviction.

The $59,000–$60,000 zone has absorbed multiple tests and remains near-term support. Lose it on a daily close, and the technical picture deteriorates quickly.

On the upside, $63,000–$64,000 represents the immediate resistance band where sellers have been active. The 200-day moving average sits squarely in the middle of this range, acting as the market’s gravitational center and the line bulls need to reclaim with conviction.

Market Cap

Three scenarios worth tracking:

  • Bull case: PCE comes in soft, Fed hike bets retreat, ETF outflows reverse, Bitcoin challenges $63,000–$64,000 resistance and sets up a run toward $70,000+.
  • Base case: PCE is in line, with price fluctuating between $59,000 and $63,000 over several sessions as macro fog persists.
  • Bear case: A hot PCE print accelerates institutional selling; a daily close below $59,000 opens the path toward the $50,000–$40,000 zone that bearish analysts have flagged.

The easing of crude oil prices, driven by the reopening of the Strait of Hormuz and a 60-day US sanctions waiver on Iranian oil, should reduce inflationary pressure on upstream costs.

That’s a tailwind for the bull case, but it hasn’t translated into support for BTC yet. Price floor analysis suggests the $59,000 level is load-bearing.

Bitcoin Hyper Targets Early-Mover Upside as Bitcoin Tests Critical Support

Spot Bitcoin at $61,500, with three days of institutional outflows and an 80% probability of a Fed rate hike baked in, is not a setup that rewards late entries. Even if BTC bounces cleanly, the upside for large-cap assets at this market cap is measured in percentage terms. Early-stage infrastructure bets operate on a different math.

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 to integrate the Solana Virtual Machine (SVM), bringing Solana-class smart contract speed directly to the Bitcoin ecosystem without sacrificing Bitcoin’s security model.

The SVM (Solana Virtual Machine) handles smart contract execution on Solana’s network; grafting it onto a Bitcoin Layer 2 is architecturally significant.

The project also features a Decentralized Canonical Bridge for trustless BTC transfers and sub-second transaction finality at low cost. The presale has raised $32,881,346.25 at a current price of $0.0136821 per $HYPER, with staking available for early participants.

Visit HYPER Here

EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market

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Alex Ioannou
Alex Ioannou
On-Chain Journalist

Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More

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