Bitcoin breaks through the $64,000 resistance level; Myriad traders bet it will 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 high of $65,511 intraday, and is currently at $64,858, down 0.18% for the day. Charts show that the downtrend channel since Bitcoin’s high near $82,000 in May has not yet fully invalidated.
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 weakening bearish trend strength; the RSI is at 55.7, in a neutral-to-slightly bullish range.
Traders on the prediction market Myriad assign a 66.6% probability that Bitcoin will first fall to $55,000; its probability of first rising to $84,000 is 33.4%. 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 weakening bearish trend strength; the RSI is at 55.7, in a neutral-to-slightly bullish range.
Traders on the prediction market Myriad assign a 66.6% probability that Bitcoin will first fall to $55,000; its probability of first rising to $84,000 is 33.4%. This probability has not changed significantly with recent price fluctuations.
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