Bitcoin CPI Week: $63K Demand Zone vs $69K Resistance

Bitcoin hovers near $64,000 ahead of Aug. 12 CPI data. On-chain metrics highlight $63,000 support and $69,000 resistance, with macro outcomes dictating next moves.

Woofun AI reports that Bitcoin trades near $64,000 as the market approaches the Aug. 12 inflation report. Glassnode data identifies the $63,000 level as a major demand shelf where roughly 10% of supply changed hands, while short-term holder cost basis sits near $69,000. Breaking this resistance could expose an air pocket toward $84,000, whereas a failure to hold support may trigger a retest of the $58,000 to $60,000 zone.