BTC is pushing toward $64,500 as we wrap up the week - currently sitting at $64,273, up about 3% after reclaiming $63K and testing this key resistance zone. After dipping below $58K in late June, this recovery feels earned.
What's driving the move?
๐ Regulatory optimism - US Crypto Clarity Act draft could land next week.
๐ฆ Swift is rolling out a blockchain ledger with 17 global banks, including HSBC, UBS, and Wells Fargo.
๐ Whales accumulating while retail sits out = historically a bullish setup.
๐ข๏ธ Oil dropped below $72 โ easing geopolitical fears.
๐ค US-Iran peace talks revived risk appetite.
๐ Weak jobs data = faster rate cut expectations.
๐ Short squeeze โ ~$79.5M in shorts liquidated.
The key level to watch:
โ๏ธBTC is now at the $64,000-$65,000 resistance zone = this is the big one.
โA clean break above $65,000 could open the path to $68,000.
โRejection here and we might see a pullback toward $62,000.
A few things:
๐ $1.75B in BTC and ETH options expired today - max pain at $62K
๐ป ETF outflows still happening - $149M left in the last 24 hours
Have a green weekend, fam. โ๏ธ
Not financial advice.