Bitcoin2026-08-07 09:28:00Bitcoin Nears a Macro Downtrend Line as Traders Watch Friday’s Nonfarm PayrollsBitcoin is trading around $64,000 after about two months of rangebound action between $58,000 and $67,000. The report says BTC is approaching a macro downtrend line drawn from the $124,600 and $82,200 highs, while traders are watching liquidity clusters on both sides of the market. Killa says the market is at a key crossroads, with either a failed breakout or a confirmed bottom in play. Akash points to heavy short liquidity between $64,800 and $68,200 and dense long liquidity between $60,000 and $62,900, suggesting a sweep could come before any clearer trend. BIT says the main problem is the lack of clear incremental demand, and Friday’s U.S. nonfarm payrolls report may be the catalyst that sets direction. The piece also notes continued inflows into spot Bitcoin and Ether ETFs, Coinbase’s August 8 suspension of several tokens, cautious U.S. equity futures, pressure on crypto stocks, and a broader market backdrop shaped by AI-related volatility, oil gains, and Treasury yields.2020
Bitcoin 4-yea2026-07-23 01:00:14Bitcoin's 4-Year Cycle Plays Out: Price Drops to $68K in April 2026, Analyst Warns of Drop Below $50KBy April 2026, Bitcoin fell from its October 2025 high of $126K to around $68.5K-$69K, a 45%+ decline. Analyst Tony Research says the halving-driven cycle's bear phase may push BTC below $50K.1710
