Bitcoin has stabilized around the $65,000 level after retreating from the mid-$80,000 range, with the market now watching the $67,000 area ahead of the Federal Reserve’s July 29 decision. The setup has also taken on added attention because traders are weighing both macro policy and a separate U.S. policy debate around crypto market structure.

In an X post, analyst Michaël van de Poppe said Bitcoin continued to hold above the 21-day and 50-day moving averages. He described that structure as a strong sign for long positions, while cautioning that the setup remained fragile.

#Bitcoin continues to hold above the crucial 21-Day and 50-Day MA's. This is a strong signal for the markets to be betting on the long side of this asset, however, it's still a little fragile. I'd much prefer to see a strong move to $66,000-67,000 over the next 1-3 days to see… pic.twitter.com/Je1XOOLljd — Michaël van de Poppe (@CryptoMichNL) July 27, 2026

#Bitcoin continues to hold above the crucial 21-Day and 50-Day MA's. This is a strong signal for the markets to be betting on the long side of this asset, however, it's still a little fragile. I'd much prefer to see a strong move to $66,000-67,000 over the next 1-3 days to see… pic.twitter.com/Je1XOOLljd

What Could Drive Bitcoin Price After the Fed

Van de Poppe said an ideal scenario would be for Bitcoin to push through $66,000-$67,000 over the next one to three days, which would suggest sustained buying pressure. A move above $67,000, he added, could open the path toward $73,000-$75,000.

The Federal Reserve is scheduled to hold a two-day meeting on July 28 and 29. Van de Poppe expects a cautious period before the announcement, followed by stronger risk appetite afterward.

Crypto Patel pointed to a sharp difference between whale and retail flows into Binance. Based on CryptoQuant data, whale inflows fell 44.3% from June highs to $3.9 billion over the past 30 days.

Retail flows declined 22% over the same period to $7.8 billion, leaving retail activity at roughly twice the level of whale inflows.

Lower exchange transfers from whales do not necessarily mean they are preparing to buy. Inflows to exchanges only show that assets have arrived on the platform, and do not confirm whether the coins were sold. In that context, the flow data is more useful as a snapshot of positioning than as a clear signal of intent, especially with the Fed decision still pending. Crypto Patel suggested that large holders may be waiting for the Fed decision before opening new positions.

Why BTC Price Faces Two-Way Risk

Analyst CryptoReviewing noted a sharp move from $64,500 to $65,600, followed by a drop below $64,400. He said the two swings triggered about $524 million in total liquidations.

This is genuinely mind-blowing. This morning, $BTC pumped from $64,500 to $65,600 liquidating $274M. And then, $BTC immediately dumped back below $64,400 liquidating another $250M. $524M Crypto liquidations in less than a few hours!!! Now, $65,500 – $68,000 has sizable… pic.twitter.com/MsHQnWsWHC — CryptoReviewing (@CryptoReviewing) July 27, 2026

This is genuinely mind-blowing. This morning, $BTC pumped from $64,500 to $65,600 liquidating $274M. And then, $BTC immediately dumped back below $64,400 liquidating another $250M. $524M Crypto liquidations in less than a few hours!!! Now, $65,500 – $68,000 has sizable… pic.twitter.com/MsHQnWsWHC

According to the reported heatmap, upside liquidity sits between $65,500 and $68,000, while additional liquidation clusters appear between $61,500 and $64,000.

As of July 28, a Kalshi trader estimated the probability of Bitcoin falling below $55,000 before year-end at about 50.2% to 57%.

Analyst Ted identified the pending CLARITY Act as another possible catalyst for Bitcoin. He said approval could send BTC to $75,000 or higher, while rejection could push it toward $50,000. That makes the bill worth watching alongside the Fed, since both events are being cited by traders as potential near-term inputs for risk appetite and market positioning.

Also Read: Bitcoin ETF Outflows Hit $465M as BTC Holds Key $64K Support Level

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.