BTC Slips Below $63K Despite Cooling Inflation: Is More Downside Ahead?
- Bitcoin fell below $63,000 as sellers repeatedly rejected attempts to reclaim $65,000.
- Technical indicators turned bearish, while rising long positions increased liquidation risks near $61,000.
- BTC needs $63,220 support reclaimed, while August PCE data could influence market direction.
Bitcoin โ BTC, has failed to benefit from improving inflation data and strong stock market gains. BTC now trades below $63,000 after another failed push toward $65,000. Sellers have controlled every recent attempt to reclaim higher levels. Meanwhile, major US stock indexes reached fresh records this week. That disconnect has raised concerns among crypto traders. Bitcoin also faces technical pressure and rising liquidation risks. The next few days could determine whether deeper losses follow.
Bitcoin Faces Growing Technical and Market Pressure
Bitcoin traded around $62,570 on Friday, August 14, 2026. The cryptocurrency fell about 1.3% during the session. BTC now sits near the month's lowest price levels. The decline came despite positive US inflation data. Stocks reacted strongly, with the S&P 500 and Nasdaq reaching records. Rekt Capital warned that Bitcoin needs a weekly close above $63,220. A close below that level could increase breakdown risks.
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