Bitcoin bounced to $65,000 before giving back those gains, ending the day at $64,261, down 0.92%. Over seven days, the cryptocurrency posted a 1.17% gain, one of the strongest among the top ten large-caps, but remains stuck below its 50-day moving average and in a bearish death cross formation. U.S. payrolls tanked by 23,000 in July, normally a tailwind for bitcoin, yet buyers failed to hold above the critical $64,568 level. Prediction markets price a drop to $55,000 at 64.6% odds, and technical indicators — RSI at 50, ADX at 10.6, momentum squeezing for 22 days — confirm a directionless market with no clear near-term catalyst for upside.
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