Bitcoin briefly fell below $63K, touching around $62.4K before recovering near $62.8K, marking its lowest level in more than two weeks.
The decline came as U.S. equities weakened into month-end, while Asian markets rebounded on currency intervention efforts by Japan and South Korea. Despite the short-term weakness, BTC remains up 7.5% in July, showing that the broader trend is still constructive. The key resistance to watch is $65.8K.
A breakout above this level could restore bullish momentum, while another rejection may keep Bitcoin under short-term bearish pressure. Watch price action closely.
The decline came as U.S. equities weakened into month-end, while Asian markets rebounded on currency intervention efforts by Japan and South Korea. Despite the short-term weakness, BTC remains up 7.5% in July, showing that the broader trend is still constructive. The key resistance to watch is $65.8K.
A breakout above this level could restore bullish momentum, while another rejection may keep Bitcoin under short-term bearish pressure. Watch price action closely.