Bitcoin price resists sell-off, but three risks threaten a drop to $60K

Bitcoin price remained trapped near $64,600 on July 30 as renewed US-Iran fighting, a hawkish Federal Reserve, and another CLARITY Act delay prevented buyers from extending the recovery. Summary Bitcoin price recovered from $62,383, but it remains inside a range capped near $66,500. The Fed held rates at 3.5%–3.75%, while three policymakers favored a rate increase. US-Iran fighting and a 6.6% oil surge revived inflation and risk-off concerns. Gold held near $4,062, but available data does not confirm a broad crypto-to-gold rotation. Bitcoin price struggles to leave its consolidation range According to data from crypto.news, Bitcoin (BTC) price traded near $64,600 at the time of writing after briefly falling to $62,383 following the Federal Open Market Committee meeting. The rebound returned BTC above $64,000, but the asset has yet to break the range that has controlled its price for several days. The daily chart shows Bitcoin trading almost directly above the Bollinger Band midpoint at $64,512. The upper band near $66,348 remains the immediate ceiling, while the lower band around $62,676 marks the first major support area. Bitcoin price daily chart — July 30 | Source: crypto.news M...