Bitcoin price stalls at $65K as holder selling risk rises

Bitcoin price held near $65,000 on Aug. 8, but its failure to reclaim the short-term holder cost basis left the recovery exposed to renewed selling. Summary Bitcoin price traded near $65,015, about 3.7% below the short-term holder realized price. The $67,523 cost basis could attract selling from holders seeking to exit near breakeven. 4-hour momentum remains positive, with the RSI at 61.8 and price above the Bollinger midline. Liquidation clusters near $65,600 and $63,000–$63,800 could determine the next move. Bitcoin price struggles to hold above $65,000 According to data from crypto.news, Bitcoin (BTC) price was trading near $65,015 at the time of writing after repeatedly testing the $65,000 area. The daily candle had traded between $64,784 and $65,075, showing limited volatility following the rebound from its late-July lows. The price has recovered from an Aug. 2 low near $62,200, but sellers continue to defend the area immediately above $65,000. In an Aug. 8 X post, analyst Ted Pillows said Bitcoin had failed to establish a firm hold above that threshold. “BTC failed to hold above the $65,000 level. Sellers are still active in this zone, and Bitcoin needs to reclaim it for stro...