Bitcoin Breaks Through $64,000 Resistance, Myriad Traders Bet on Drop to $55,000 First
2026-07-15 16:06
Odaily Planet Daily News Bitcoin broke through the $64,000 resistance level on Tuesday, reaching a daily high of $65,511 before settling at $64,858, down 0.18% on the day. Charts show that the downward trend channel since Bitcoin's near $82,000 high in May has not completely lost its validity.
Technical indicators show that Bitcoin's 50-day moving average is below its 200-day moving average, forming what traders call a "death cross." The ADX stands at 23.4, indicating a weakening bearish trend strength, while the RSI is at 55.7, placing it in a neutral to slightly bullish range.
Traders on the prediction market Myriad give a 66.6% probability that Bitcoin will first fall to $55,000, compared to a 33.4% probability of it rising to $84,000 first. This probability has not changed significantly with recent price fluctuations.
Technical indicators show that Bitcoin's 50-day moving average is below its 200-day moving average, forming what traders call a "death cross." The ADX stands at 23.4, indicating a weakening bearish trend strength, while the RSI is at 55.7, placing it in a neutral to slightly bullish range.
Traders on the prediction market Myriad give a 66.6% probability that Bitcoin will first fall to $55,000, compared to a 33.4% probability of it rising to $84,000 first. This probability has not changed significantly with recent price fluctuations.
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