Bitcoin could stage a recovery above $66,000 by September but faces significant resistance around $61,700.
Read moreBitcoin sell pressure may break $56K support as options expiry looms
The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16.
Read morePrice analysis 8/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin is finding it difficult to rise above the overhead moving averages, indicating that the bears are trying to flip the level into resistance.
Read moreLow CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head
Bitcoin’s response to the CPI report was surprisingly muted.
Read morePrice analysis 8/12: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term.
Read moreBitcoin price dip may retest $55K before next leg up
Based on the upcoming Aug. 14 CPI reading, Bitcoin lost a key trend line when it fell under $63,000, but it could still be on
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