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Bitcoin risks a drop to $63,300 after rejecting resistance near $65,400, signaling possible short-term pullback.

Technical Signals
10 Aug 2026
Coinpaper
View Source
Bearish
Bitcoin risks a drop to $63,300 after rejecting resistance near $65,400, signaling possible short-term pullback.

Bitcoin has shown signs of short-term exhaustion after a five-wave advance, rejecting resistance near $65,400. Technical analysis highlights $63,300 as the first major downside level if the price fails to break above $66,291, which would otherwise weaken the bearish outlook. The recent price action included a liquidity sweep above $65,400, trapping breakout traders and increasing the risk of a corrective pullback. Investors should watch whether Bitcoin can hold above $65,400 or if it will test support zones around $63,300 to $62,800 in the near term.

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