Bitcoin Stuck Near $64,000 Amid Trump's War Optimism

Bitcoin traded near $64,000 on August 7 despite U.S. President Donald Trump's optimism that the war would end soon.

Cautious investors are waiting for a break above resistance at $66,700 to $68,000 before adding exposure, according to analysts.

The $63,000 support level is being closely watched, and if it holds, it could signal a sustainable rebound. However, if Bitcoin falls below this level, the market may see a sharper decline.

On-chain indicators are beginning to flash bottoming signals, but it's too early to call a recovery. The options market shows easing downside pressure, but bearish sentiment remains high, with investor fear at extreme levels.