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Bitcoin struggles to break $64K amid Middle East tensions, risks further dip to $59K support level.

Market News
13 Jul 2026
Crypto Daily
View Source
Bearish
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Bitcoin failed to sustain a price above $64,000, with recent declines possibly linked to escalating Middle East conflicts. The price found temporary support near the 200 SMA but risks falling further to the bull market trendline around $59,000 if downward pressure continues, especially with potential negative impacts from the U.S. stock market. Short-term indicators suggest possible sideways movement or a bounce, but a bearish M pattern could develop if the trendline breaks. However, the weekly chart remains bullish, holding key support levels and signaling potential for a market rebound unless geopolitical risks worsen.

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