Analyst: Bitcoin price resists selling pressure, but three major risks threaten a drop to $60,000
2026-07-30 19:34:32
According to CoinMeta, the price of Bitcoin remained around $64,600 on July 30, despite facing three major risks: the renewed fighting between the United States and Iran, the hawkish policies of the Federal Reserve, and another delay in the Digital Assets Market Clarification Act. Data shows that Bitcoin briefly fell to $62,383 after a meeting of the Federal Open Market Committee, but then rebounded above $64,000. The daily chart indicates that Bitcoin's trading price is almost directly above the midpoint of the Bollinger Bands at $64,512, with the current upper band around $66,348 and the first support level at $62,676. Despite a significant decline in the U.S. stock market on Wednesday, Bitcoin's performance remained relatively stable, demonstrating its resistance to broader risk aversion. The U.S. Senate's decision to postpone action on the Digital Assets Market Clarification Act has increased regulatory uncertainty. Although this delay did not immediately change Bitcoin's trajectory, it removed a potential catalyst that could have boosted institutional confidence.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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