Bitcoin Price Faces Sharp Move After $65,700 Rejects Bulls Again
Key InsightsBitcoin price faced two rejections near the $65,700 resistance zone.A confirmed breakout could expose the next resistance near $67,200.Derivatives data showed balanced positioning before the Federal Reserve decision. Bitcoin traded near $64,300 on July 31 after sellers rejected another approach toward $65,700. The Bitcoin price remained inside a narrowing four-hour range as traders assessed the Federal Reserves hawkish policy signal. The setup mattered because Bitcoin lacked a clear derivatives or on-chain imbalance before the policy decision. That positioning left the market exposed to rapid repricing without confirming a broader directional break. Bitcoin Price Holds Near $64,000 After Rejection TradingViews Bitstamp chart showed Bitcoin near $64,282 at 1:32 a.m. UTC on July 31. The session produced a $64,367 high and a $64,170 low before price stabilized. btc price chart. Source: TradingView The chart also showed two failed attempts near the upper resistance area within one week. Sellers defended the descending trendline while buyers protected the broader range floor. That Martini Guy identified $65,700 as the main level buyers had failed to reclaim. He said a successful support flip could create room for $67,200. The trader also placed immediate support near $64,000. Holding that area preserved the current range, while losing it could expose lower technical levels. TradingViews four-hour pattern