📈 #BitcoinReclaims$65K: Optimism returns
$BTC reclaimed $65,000**, surpassing the **$66,000** level and breaking a resistance that stalled every attempt to rise throughout July. This is the strongest rebound since the $58,000 lows at the start of the month.
🔍 Why did it rise?
1. Cooling inflation → June’s CPI was softer, weakening the case for the Fed to raise rates.
2. ETF rescue → five straight sessions of net inflows (~$727M), with BlackRock leading the institutional comeback.
3. Asia tech rebound → KOSPI +4.7%, Nikkei +2.8%, Taiex +3.6%, driven by Samsung and SK Hynix.
4. Whales buy at $62k–$65k → they created a demand floor; 6% of the circulating supply last moved in that range.
5. Regulatory catalyst → the market is pricing in progress on the CLARITY Act, the first comprehensive U.S. digital assets law.
📊 Is it sustainable?
The 30-day MVRV has turned positive again (buyers from the last month are in profit). BTC is already up +15% from July’s lows.
Key levels:
· Support: $65,000 (turning resistance into support is crucial)
· Resistance: $67,300 - $67,500
· Target: $70,000
Risk: the U.S.-Iran conflict remains active, with Brent above $90. High oil feeds inflation, which could force the Fed to keep rates high.
The key for the rally to continue: BTC defending $65k and ETF flows staying consistent.
Do you think Bitcoin will consolidate above $65,000? 👇
#inflación #CLARITYAct #AnalisisTecnico #BTC
$BTC reclaimed $65,000**, surpassing the **$66,000** level and breaking a resistance that stalled every attempt to rise throughout July. This is the strongest rebound since the $58,000 lows at the start of the month.
🔍 Why did it rise?
1. Cooling inflation → June’s CPI was softer, weakening the case for the Fed to raise rates.
2. ETF rescue → five straight sessions of net inflows (~$727M), with BlackRock leading the institutional comeback.
3. Asia tech rebound → KOSPI +4.7%, Nikkei +2.8%, Taiex +3.6%, driven by Samsung and SK Hynix.
4. Whales buy at $62k–$65k → they created a demand floor; 6% of the circulating supply last moved in that range.
5. Regulatory catalyst → the market is pricing in progress on the CLARITY Act, the first comprehensive U.S. digital assets law.
📊 Is it sustainable?
The 30-day MVRV has turned positive again (buyers from the last month are in profit). BTC is already up +15% from July’s lows.
Key levels:
· Support: $65,000 (turning resistance into support is crucial)
· Resistance: $67,300 - $67,500
· Target: $70,000
Risk: the U.S.-Iran conflict remains active, with Brent above $90. High oil feeds inflation, which could force the Fed to keep rates high.
The key for the rally to continue: BTC defending $65k and ETF flows staying consistent.
Do you think Bitcoin will consolidate above $65,000? 👇
#inflación #CLARITYAct #AnalisisTecnico #BTC