Bitcoin Price Prediction: Will $64K Hold Ahead of Tomorrow’s CPI Data?
BTC USD sits at $64,000, down -1.5% on the day, still pinned under the ceiling that’s frustrated bulls for weeks. The bigger story: a labor market miss that should have triggered a relief rally instead got shrugged off entirely. That disconnect matters more than the headline number for this week’s Bitcoin price prediction.
Employers cut 23,000 jobs in July, the first net loss since the pandemic-era recovery, badly missing the 95,000 gain economists penciled in. Markets read the miss as rate-cut fuel and Treasury yields dropped.
Risk assets were supposed to catch a bid. Bitcoin tapped its 50-day average and rolled straight back over, rejecting the level cleanly on the daily candle.
The rejection fits a pattern that’s held since the May peak near $80,000: lower highs, lower lows, a death cross that macro tailwinds can’t seem to dislodge. That’s the technical backdrop worth understanding before deciding what comes next.
