Bitcoin price falls below $64K as US CPI fails to spark breakout

Bitcoin price fell nearly 3% from an intraday high of $65,234 to $63,304 as an expected U.S. inflation report failed to push the asset beyond its established trading range. Summary Bitcoin price remained inside its $62,000–$66,000 range after July inflation matched forecasts. 4-hour momentum remains weak, with BTC trading below its Bollinger Band midpoint. Liquidation clusters near $64,700 and $62,800 could shape Bitcoin’s next move. CoinEx analyst Jeff Ko said weaker employment data affected rate expectations more than CPI. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) price traded near $63,600 at the time of writing after briefly reaching $65,234, leaving the asset about 3% below its intraday high. The move followed the release of U.S. inflation data that largely matched economists’ forecasts and offered traders no major upside surprise. The U.S. Bureau of Labor Statistics reported that headline inflation rose 0.1% month over month in July and slowed to 3.4% annually from 3.5% in June. Core CPI, which excludes food and energy, increased 0.2% during the month and 2.5% from a year earlier. CoinEx Chief Analyst Jeff Ko told crypto.news that the figures...