Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin consolidates near $65K with $69K-$70K key for bullish breakout, $57K critical for downside risk.

Technical Signals
08 Aug 2026
Coinpaper
View Source
Neutral
Bitcoin consolidates near $65K with $69K-$70K key for bullish breakout, $57K critical for downside risk.

Bitcoin is trading near $64,900, consolidating between strong resistance at $69,000-$70,000 and critical support around $57,000. Analysts note Bitcoin is following a bear-market pattern similar to 2022, where failure to hold $57,000 could lead to deeper declines toward $53,000, $49,000, and $45,000. On the upside, reclaiming and closing above $69,000-$70,000 on a weekly basis would signal a bullish shift and improve Bitcoin's market structure. The current tight trading range suggests a significant move is likely soon, but the direction remains uncertain until these key levels are decisively broken.

More News (BTC)

Bitcoin price briefly spikes to $155,000 on Bitfinex due to a market glitch before correcting back.

Bitcoin price briefly spikes to $155,000 on Bitfinex due to a market glitch before correcting back.

Bitcoin's price on Bitfinex briefly surged to nearly $155,000 due to a split-second liquidity shortage and forced liquidations in the BTC-PERP futures market, while the spot price remained stable around $85,000. This glitch caused a short-term price ...

Market News
Neutral
4 hours ago
Dogecoin tests key resistance near $0.093 amid broader crypto rally without new news.

Dogecoin tests key resistance near $0.093 amid broader crypto rally without new news.

Dogecoin (DOGE) is trading around $0.092–$0.093, facing resistance near $0.093–$0.095, a level that has repeatedly blocked its recovery attempts. This rally lacks new Dogecoin-specific news or Elon Musk comments and is driven by a broader crypto mark...

Market News
Bullish
4 hours ago
Bitcoin rallies to $85K as falling oil prices ease inflation fears and boost risk appetite.

Bitcoin rallies to $85K as falling oil prices ease inflation fears and boost risk appetite.

Bitcoin surged to about $85,117, extending its recovery by roughly 30% since August 19, driven partly by a 2% drop in Brent crude oil prices to around $102 a barrel. The decline in oil prices has eased inflation concerns and lowered U.S. Treasury yie...

Market News
Bullish
4 hours ago
Bitcoin breaks above 52-week average, signaling a new bull run with potential price surge past $83k.

Bitcoin breaks above 52-week average, signaling a new bull run with potential price surge past $83k.

Bitcoin dropped to $74,967 ahead of the U.S. Fed rate hike but rebounded 9.21% within a week, suggesting resilience despite bearish news. It closed above its 52-week moving average for the first time since November 2025, indicating the start of a new...

Market News
Bullish
5 hours ago
Bitcoin surges to $85,000 as $648M in short bets are liquidated amid rising market interest.

Bitcoin surges to $85,000 as $648M in short bets are liquidated amid rising market interest.

Bitcoin climbed to nearly $85,000, driven by a massive short squeeze that liquidated $648 million in bearish bets within 24 hours. Despite these forced closures, open interest rose 7.59% to $156 billion, indicating traders are actively replacing posi...

Market News
Bullish
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App