BTC Weekly Recap (Aug 9–16)
Bitcoin started the week strong near $65,000 but faced steady selling pressure.
Key moves:
Aug 9–10: Peaked around $65,400 then dropped hard to ~$63,900
Mid-week: Consolidated between $63,200–$64,400
Aug 14: Tested lows near $62,500
Weekend: Stabilized around $63,000
Net result:
Down roughly 2.5–3% for the week.
BTC is now trading in a tight range between $62,500 support and $64,500–$65,000 resistance.
My take:
The market is in a clear consolidation phase. No strong trend yet — just sideways action with mild bearish bias. Buyers are defending the $62.5k–$63k zone, but volume remains relatively quiet.
Next key levels to watch:
🔼 Break above $64,500 → possible push toward $66k
🔽 Break below $62,500 → more downside risk
What’s your view on this week? Bullish recovery or more range-bound action?
$BTC $ETH H $BNB
Bitcoin started the week strong near $65,000 but faced steady selling pressure.
Key moves:
Aug 9–10: Peaked around $65,400 then dropped hard to ~$63,900
Mid-week: Consolidated between $63,200–$64,400
Aug 14: Tested lows near $62,500
Weekend: Stabilized around $63,000
Net result:
Down roughly 2.5–3% for the week.
BTC is now trading in a tight range between $62,500 support and $64,500–$65,000 resistance.
My take:
The market is in a clear consolidation phase. No strong trend yet — just sideways action with mild bearish bias. Buyers are defending the $62.5k–$63k zone, but volume remains relatively quiet.
Next key levels to watch:
🔼 Break above $64,500 → possible push toward $66k
🔽 Break below $62,500 → more downside risk
What’s your view on this week? Bullish recovery or more range-bound action?
$BTC $ETH H $BNB