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?
📜 Regulatory optimism - US Crypto Clarity Act draft could land next week.
🏦 Swift is rolling out a blockchain ledger with 17 global banks, including HSBC, UBS, and Wells Fargo.
🐋 Whales accumulating while retail sits out = historically a bullish setup.
🛢️ Oil dropped below $72 — easing geopolitical fears.
🤝 US-Iran peace talks revived risk appetite.
📉 Weak jobs data = faster rate cut expectations.
📈 Short squeeze — ~$79.5M in shorts liquidated.
The key level to watch:
↗️BTC is now at the $64,000-$65,000 resistance zone = this is the big one.
➕A clean break above $65,000 could open the path to $68,000.
➖Rejection here and we might see a pullback toward $62,000.
A few things:
📊 $1.75B in BTC and ETH options expired today - max pain at $62K
🔻 ETF outflows still happening - $149M left in the last 24 hours
Have a green weekend, fam. ☀️
Not financial advice.