Bitcoin: Why $63,000 Might Be the Only Number That Matters Right Now

Before the Consensus Catches Up

Bitcoin just missed the technical threshold that would have confirmed a bear-market bottom in July. A quiet supply overhang from miners and treasury companies may be about to hit the market, right as the Fed’s newest voice tries to walk a tightrope between hawkish credibility and market pressure. The 10-year yield just cleared a line we’ve been watching closely, and how it resolves from here could decide whether August confirms the bottom, or delays it again.

We break down the exact price level to watch, why crypto equities keep disappointing on earnings even as we’d buy the dips, and the size of the potential miner-driven selling pressure that almost nobody is pricing in.

Bitcoin (LHS) vs. BTC Trend Model (RHS)