Bitcoin price slips below $64K before Fed decision

Bitcoin fell below $64,000 on Tuesday as traders reduced risk before the Federal Reserve’s interest-rate decision, while ETF outflows and leveraged liquidations added to selling pressure. Summary Bitcoin dropped 2.5% and briefly traded near $63,327 during Tuesday’s session. US spot Bitcoin ETFs recorded $11.64 million in net outflows on July 27. BTC lost a rising 4-hour trendline, while the daily RSI slipped to 48.13. Liquidity clusters near $64,500 and $62,500 could shape the next short-term move. Bitcoin price falls below rising trendline According to data from crypto.news, Bitcoin (BTC) price opened Tuesday near $63,706 and extended its decline toward $63,327 as traders cut exposure before the Fed decision. BTC later traded around $63,858, leaving it down roughly 2.5% during the session. The 4-hour chart shows that Bitcoin broke below an ascending trendline that had supported the recovery from its late-June low near $58,000. Price attempted to move back above the trendline, but the rebound stalled below $64,000. Bitcoin price 4-hour chart — July 28 | Source: crypto.news Bitcoin also remained under the 4-hour Supertrend resistance at $65,198. The indicator will continue to favor ...