Bitcoin

Bearish

Archived analysis from Aug 11, 2026, 8:22 PM

Key insight

$65,300 rejected twice — BTC needs CPI to soften to reclaim that level; failure keeps $60,800 200-day MA in play.

Pulled back to $63,685 from $65,300 high; two inflation prints this week threaten to reverse Fed-cut bets.

Main risk

US CPI print – Aug 12–13 2026

Hot CPI revives Fed-hike bets, pressuring BTC below $63,000 key support.

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