- Bitcoin fell below $63,000 as sellers repeatedly rejected attempts to reclaim $65,000.
- Technical indicators turned bearish, while rising long positions increased liquidation risks near $61,000.
- BTC needs $63,220 support reclaimed, while August PCE data could influence market direction.
Bitcoin — BTC, has failed to benefit from improving inflation data and strong stock market gains. BTC now trades below $63,000 after another failed push toward $65,000. Sellers have controlled every recent attempt to reclaim higher levels. Meanwhile, major US stock indexes reached fresh records this week. That disconnect has raised concerns among crypto traders. Bitcoin also faces technical pressure and rising liquidation risks. The next few days could determine whether deeper losses follow.
Bitcoin Faces Growing Technical and Market Pressure
Bitcoin traded around $62,570 on Friday, August 14, 2026. The cryptocurrency fell about 1.3% during the session. BTC now sits near the month’s lowest price levels. The decline came despite positive US inflation data. Stocks reacted strongly, with the S&P 500 and Nasdaq reaching records. Rekt Capital warned that Bitcoin needs a weekly close above $63,220. A close below that level could increase breakdown risks.
He also noted that $63,000 has lost support status. Meanwhile, the 50-month EMA near $65,827 now acts as resistance. Similar conditions appeared during Bitcoin’s 2022 bear market.
Despite those concerns, Daan continues accumulating spot BTC gradually. He still expects Bitcoin could eventually reach $200,000. Ted also identified a critical support zone near $62,000 to $62,500. Bitcoin’s daily MACD has now turned bearish. A sustained break below that support could accelerate selling pressure. Traders could then watch $61,000 and lower levels for further downside.
SEC Delay and Strategy Sale Add More Pressure
Bitcoin also faces uncertainty surrounding US crypto regulation. The SEC recently delayed plans for an innovation exemption. The proposal concerns tokenized securities and could influence future market development. Concerns from Washington and Wall Street reportedly contributed to the delay. The SEC also canceled a scheduled Friday meeting. Sources linked the delay to congressional negotiations over crypto legislation.
The Digital Asset Market Clarity Act remains under debate. Banking groups and consumer advocates have opposed parts of the proposal. Meanwhile, Strategy sold another 1,690 BTC this week. The company received approximately $108.6 million from the sale. The transaction adds another source of selling pressure during weak price action. Glassnode also reported substantial long positioning across the market.
Rising derivatives exposure could increase liquidation risks near $61,000. QCP Capital noted a muted crypto response to softer inflation. Traders now await the August 26 PCE inflation report. For now, Bitcoin needs to reclaim $63,220 to improve the technical picture. A stronger recovery above $65,000 could restore bullish momentum.
