21:06 UTC
Downtrend basing, recovery stalling · RSI 46 · price 62,281.41
Range after downtrend, base near 58k.
BTC has been carving a base after a multi-week slide from the early-May peak near 82.7k that bottomed around the 58k YTD low in late June. The last six sessions have held a 60k-64.6k range, with the recent bounce fading back into 62.3k as the 63k supply wall repeatedly caps rallies. The soft US CPI miss added a dovish tailwind, but relentless ETF outflows have kept the recovery contained rather than trending.
What it said to watch
- Daily close above 64.6k swing high would break the range higher
- Loss of 60k round number reopens the 58k ytd low
- PPI Jul 15 12:30 UTC could materially shift this read