Bitcoin price falls 2% as CPI puts $63.9K at risk

Bitcoin price fell below $64,000 on Aug. 11 as rising oil prices and uncertainty before the U.S. inflation report weakened risk appetite, leaving traders focused on whether the $63,900 support level can prevent a deeper correction. Summary Bitcoin price fell about 2% to $63,780 before recovering above $64,000 during the session. The $63,900–$64,000 region is the main short-term pivot ahead of the July CPI report. Daily RSI remains neutral at 50.31, while BTC trades below its 100-day and 200-day moving averages. Liquidation clusters near $63,700 and $65,600 could attract price during the next volatility spike. Bitcoin price drops below $64,000 According to data from crypto.news, Bitcoin (BTC) price traded as low as $63,852 on Binance before recovering to approximately $64,281 at the time the daily chart was captured. The intraday rebound reduced the loss, but BTC remained below the $65,000 level that buyers had attempted to establish as support over the previous four days. The decline followed another deterioration in U.S.-Iran negotiations over reopening the Strait of Hormuz. Brent crude rose above $89 a barrel as reduced hopes for an agreement renewed concerns about energy supplie...