Bitcoin Price Hits Resistance at $65,700 for Second Time
The Bitcoin price has faced two rejections near the $65,700 resistance zone, leaving traders wondering about its next move. According to TradingView's Bitstamp chart, the price of BTC hovered around $64,282 on July 31 after sellers rejected another approach toward $65,700.
The setup was significant because Bitcoin lacked a clear derivatives or on-chain imbalance before the Federal Reserve decision, leaving the market exposed to rapid repricing without confirming a broader directional break.
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, while immediate support near $64,000 would preserve the current range and prevent exposure of lower technical levels.