Analyst: Bitcoin faces a test of $65,000, spot demand is increasing
2026-08-01 03:28:59
According to CoinMeta, Bitcoin ( BTC ) is testing the resistance level of $65,000, and as spot demand increases, the price could move towards $67,000 to $68,000. However, if it encounters resistance, it might fall back to the support level of $62,000 to $63,000. The current Bitcoin price is near the 78.6% Fibonacci retracement level of $65,073.57, and analysts point out that there are no confirmed breakout signals yet. Market liquidity data indicates that demand for both spot and perpetual contracts is increasing, supporting a potential upward movement for Bitcoin.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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