Bitcoin Breaks $64K Resistance as Myriad Predicts 66.6% Chance of Drop to $55K
2026-07-16 00:06

Woofun AI reports that Bitcoin surpassed the $64,000 resistance level on Tuesday, peaking at $65,511 before settling at $64,858, representing a daily decline of 0.18%. Technical analysis indicates that the downward trend channel established since the May high of $82,000 remains intact, with the 50-day moving average staying below the 200-day moving average in a configuration known as a "death cross". The ADX stands at 23.4, suggesting weakening bearish momentum, while the RSI is at 55.7, indicating a neutral to slightly bullish stance.

Market prediction platform Myriad assigns a 66.6% probability that Bitcoin will decline to $55,000 first, compared to a 33.4% chance of rising to $84,000. These probability assessments have remained stable despite recent price movements.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
Bitcoin
Myriad
Share:
back