BTC USD is trading at around $64,000, up +0.7% in the past 24 hours, holding within striking distance of the critical $64,322 resistance level that technicians are watching for a potential breakout confirmation.
Record equity closes on the S&P 500 and Dow, a +3.5% surge in Japan’s Nikkei, and easing US Treasury yields have failed to unlock a decisive BTC rally, which itself tells a story about the current state of crypto-specific demand.
On August 4, US spot Bitcoin ETFs recorded just $19.6M in net inflows, according to Farside Investors. That modest figure followed roughly $265M in outflows reported on August 1. Meanwhile, Strategy sold 1,638 BTC for approximately $105M, reducing one of the market’s most consistent price-insensitive buyers.
Axios also reported that the US, Iran, and Oman are approaching a temporary deal to reopen the Strait of Hormuz, with an announcement potentially landing Wednesday or Thursday, a macro development that could ease oil-price pressure and shift risk appetite.
Can Bitcoin Price Break $64,322 This Week?
At $64,000, Bitcoin is sitting just around $300 below the $64,322 resistance level identified by CoinLore’s forecast model. That proximity matters.
A clean daily close above that level would represent the first meaningful technical confirmation of renewed upside momentum since the consolidation band formed between roughly $60,191 and $64,217.
Three scenarios frame the near-term range:
Bull case: Price closes above $64,322 on volume. Binance’s prediction model targets $62,513.50 by the weekend as a base, but a confirmed breakout opens the door toward Coincodex’s $66,925 broader target, a level not seen since before the late-July pullback.
Base case: BTC continues to grind sideways between $61,412 support and $64,322 resistance. ETF inflows remain tepid, corporate sellers return opportunistically, and the macro correlation with equities stays loose. Price ends the week flat.
Bear/invalidation: A daily close below $61,412 support invalidates the consolidation thesis and strengthens the case for a retest of lower demand zones. Given BTC is already approximately 49% below its October 2025 record above $126,000, a deeper retracement carries real psychological weight.
The Hormuz deal, if confirmed, could reduce near-term energy inflation fears and modestly boost risk assets. But the ETF flow data is the cleaner signal; sustained daily inflows above $100M would be the kind of structural demand shift that can turn a technical breakout into a trend.
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Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels
BTC USD is pressing resistance while conviction among large buyers remains thin, a setup that historically frustrates traders waiting for a clean entry at current market cap. Those looking for asymmetric exposure earlier in the price curve are rotating attention toward infrastructure plays being built on top of Bitcoin itself.
Bitcoin Hyper ($HYPER) is positioning as the first Bitcoin Layer 2, a secondary processing layer built on top of the Bitcoin blockchain to enable faster and cheaper transactions, with Solana Virtual Machine (SVM) integration.
The SVM is the smart contract execution engine that powers Solana’s high-speed decentralized applications; deploying it on a Bitcoin Layer 2 claims to deliver sub-second finality while preserving Bitcoin’s underlying security and trust.
The presale has raised $33,002,521.93 at a current price of $0.0136842, with staking available at high APY for early participants. Key features include a Decentralized Canonical Bridge for moving BTC between layers, low-cost transaction execution, and programmability that Bitcoin’s base layer lacks entirely.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
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