Bitcoin price held near $65,000 on Aug. 8, but its failure to reclaim the short-term holder cost basis left the recovery exposed to renewed selling.
Summary
- Bitcoin price traded near $65,015, about 3.7% below the short-term holder realized price.
- The $67,523 cost basis could attract selling from holders seeking to exit near breakeven.
- 4-hour momentum remains positive, with the RSI at 61.8 and price above the Bollinger midline.
- Liquidation clusters near $65,600 and $63,000–$63,800 could determine the next move.
Bitcoin price struggles to hold above $65,000
According to data from crypto.news, Bitcoin (BTC) price was trading near $65,015 at the time of writing…
