Bitcoin Price Faces Sharp Move After $65,700 Rejects Bulls Again
Key Insights
- Bitcoin price faced two rejections near the $65,700 resistance zone.
- A confirmed breakout could expose the next resistance near $67,200.
- Derivatives data showed balanced positioning before the Federal Reserve decision.
Bitcoin traded near $64,300 on July 31 after sellers rejected another approach toward $65,700. The Bitcoin price remained inside a narrowing four-hour range as traders assessed the Federal Reserve’s hawkish policy signal.
The setup mattered because Bitcoin lacked a clear derivatives or on-chain imbalance before the policy decision. That positioning left the market exposed to rapid repricing without confirming a broader directional break.
Bitcoin Price Holds Near $64,000 After Rejection
TradingView’s Bitstamp chart showed Bitcoin near $64,282 at 1:32 a.m. UTC on July 31. The session produced a $64,367 high and a $64,170 low before price stabilized.
The chart also showed two failed attempts near the
This content is automatically aggregated. Full credit goes to the original publisher (thecoinrepublic.com).
