Bitcoin Slides Below $65K Amid Cautious Market Sentiment

Bitcoin's price dipped to $64,358 on August 7, marking a 0.26% decline in the last 24 hours and a 0.27% increase for the week.

The cryptocurrency has remained stuck between $64,000 and $65,000, briefly testing the upper end of this range but failing to hold above it.

Crypto analysts warn that continued selling pressure is driving the price down, while broader market sentiment remains cautious as traders await clearer geopolitical and macroeconomic signals.

A break below the $64,350-$64,400 support zone could expose a lower target of $64,200. Reclaiming $64,600 may pave the way for another move toward $64,800-$65,000, according to CoinSwitch Markets Desk.