Bitcoin started August under pressure after Iran rejected reports of talks with the U.S. BTC fell toward $62,229, while more than $146 million in crypto positions were liquidated.
The market is now watching the $62K support closely.
- $62K: Key support
- $63.5K: First level bulls need to reclaim
- $64K: Major resistance and liquidity zone
- $60K: Next support if $62K breaks
Rising futures open interest also suggests traders are using more leverage, which could lead to bigger price swings.
According to the latest analysis covered by Coinpedia, Bitcoin’s broader structure remains mixed rather than completely bearish. BTC is still above the $57K realized-price level, while long-term holders continue to show strength.
The current bitcoin price prediction remains optimistic in the longer-term forecast, with BTC potentially reaching $100K–$180K in 2026 and $380K–$900K by 2030.
For now, the immediate focus is simple: Can Bitcoin hold $62K?
If buyers defend this level, BTC could attempt a recovery toward $63.5K and $64K. But a decisive break below $62K could bring $60K and lower levels back into focus.