Bitcoin trades near $64,000 as a death cross persists despite a bullish jobs miss. Key support, resistance levels, and scenarios for BTC this week.
Bitcoin price fell below $64,000 on Aug. 11 as rising oil prices and uncertainty before the U.S. inflation report weakened risk appetite, leaving traders focused on whether the $63,900 support level can prevent a deeper correction.
BTC trades under key resistance as traders monitor $63.3K support, $60K downside risk, and signs of renewed bullish momentum.
Financial markets' risk-free rate, the yield on U.S. Treasury securities, is rising again. Crypto maximalists often dismiss this as background noise, but when the rate rises sharply, it often competes for capital with stocks and other assets.
As Bitcoin (BTC) price dropped nearly 2% over the past 24 hours after it was rejected at a resistance level around $65,180, on-chain data shows that the number of elite holders, wallets with at least 10,000 coins, has climbed to its highest level in six months.
Riot Platforms shares surged 25% after announcing a 20-year data center lease with Anthropic.
Bitcoin analysis suggested that sell pressure would not increase given the historically large contraction in USDT market cap over a 60-day period.
Stopping just short of the major $65,600 horizontal resistance level, the $BTC price briefly dipped below $64K before steadying on top of the bear market trendline. If this trendline breakout is confirmed in the daily time frame, we might expect a return to the upside and a potential breakout of the major overhead resistance.
Bitcoin's decoupling from software stocks may redefine its role in portfolios, offering diversification but raising questions about crypto-specific risks. Bitcoin decouples from software stocks, signaling investor shifts.
Bitcoin trades near $63,930 in a tight range as traders watch $64K support and $65K resistance. Full price analysis plus a look at Bitcoin Hyper's presale.
Bitcoin trades near $64,000 heading into the most consequential US macro week of August, sitting almost on top of the market's largest nearby demand concentration. The Aug. 12 inflation report, due less than 48 hours out, will help decide whether that floor holds or gets tested.
The Coldcard hack has no definitive loss figure yet as investigators rely on victim reports and on-chain analysis that produce varying estimates.