$BITCOIN oin — Quick Take (Aug 9, 2026)
$BTC C is trading around $64,900–65,300, up roughly 3% over the past week but still about 48% below its October 2025 all-time high of $126,080.
Key levels:
Support: $62,600–63,800, with deeper support near $60,000
Resistance: $65,000–67,000 (50-day and 100-day EMAs have capped every rally attempt since mid-July)
RSI sits near 51 — neutral territory, no strong overbought/oversold signal
What's driving price:
A weak July jobs report (economy lost 23,000 jobs) raised bets the Fed will pause rate hikes in September, which is generally supportive for risk assets like BTC
The medium-term trend is still technically corrective — price remains below its 100-day and 200-day averages
Outlook is genuinely split. Forecasters range widely: some see a breakout toward $67,000–78,000 if ETF demand strengthens, while others flag a bearish chart pattern that could point toward the low $40,000s if support breaks. Given that spread, treat any single price target skeptically.#VIXFallsToJanuaryLow #VIXFallsToJanuaryLow #ThuneFilesClarityActClotureMotion #XRPLProposesConfidentialRWATransfers
$BTC C is trading around $64,900–65,300, up roughly 3% over the past week but still about 48% below its October 2025 all-time high of $126,080.
Key levels:
Support: $62,600–63,800, with deeper support near $60,000
Resistance: $65,000–67,000 (50-day and 100-day EMAs have capped every rally attempt since mid-July)
RSI sits near 51 — neutral territory, no strong overbought/oversold signal
What's driving price:
A weak July jobs report (economy lost 23,000 jobs) raised bets the Fed will pause rate hikes in September, which is generally supportive for risk assets like BTC
The medium-term trend is still technically corrective — price remains below its 100-day and 200-day averages
Outlook is genuinely split. Forecasters range widely: some see a breakout toward $67,000–78,000 if ETF demand strengthens, while others flag a bearish chart pattern that could point toward the low $40,000s if support breaks. Given that spread, treat any single price target skeptically.#VIXFallsToJanuaryLow #VIXFallsToJanuaryLow #ThuneFilesClarityActClotureMotion #XRPLProposesConfidentialRWATransfers