Bitcoin Price Falls Below $64,000 Amid Rising Oil Prices and Pre-Inflation Report Uncertainty

Bitcoin's price fell below $64,000 on August 11 after rising oil prices and uncertainty before the US inflation report weakened risk appetite.

The cryptocurrency declined about 2% to $63,780 but recovered above $64,000 during the session. The main short-term pivot is the $63,900, $64,000 region ahead of the July CPI report.

Bitcoin's daily relative strength index remained neutral at 50.31, while it traded below its 100-day and 200-day moving averages. Liquidation clusters near $63,700 and $65,600 could attract price during the next volatility spike.