Bitcoin spent July 15 trading in a tight $64,000-$65,000 range after a CPI-driven move lifted it from $61,800 to $65,000, according to Foresight. The report said the rally lost momentum after remarks from Waller cooled sentiment, while trading volume continued to shrink. BTC also failed twice to break through the $65,000 level, leaving the market stuck in consolidation rather than extending the move higher.
The base case outlined in the source is a short-term sideways phase as the market digests the earlier gains. A fresh catalyst is still needed before a clearer directional move emerges. In terms of near-term levels, the report said a continued failure at $65,000 would put a pullback back in focus. If BTC clears that level, the next area to watch is $66,000.
Bitcoin traded in a narrow $64,000-$65,000 range on July 15 after a CPI-driven rally pushed the price from $61,800 to $65,000.
According to Foresight, that move then ran into resistance. BTC failed twice to get through $65,000, while remarks from Waller cooled the market and trading volume kept shrinking.
The report said the most likely short-term setup is sideways trading as the market digests the latest gains. A fresh catalyst is still needed before BTC picks a clearer direction.
If $65,000 remains out of reach, the next scenario to watch is a pullback. If BTC breaks above that level, the next upside target mentioned in the report is $66,000.
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