Bitcoin price next: key levels after rally loses momentum

Bitcoin’s latest rebound lost momentum, leaving the Bitcoin price next question focused on a narrow set of technical levels. On Aug. 10, Bitcoin traded at $64,261, down 0.92% for the day, after failing to stay above a key short-term average area, according to Decrypt’s report carried by Yahoo Finance.

For investors, the immediate takeaway is uncertainty rather than a confirmed new selloff. Bitcoin had gained 1.17% over the previous seven days, but the price action showed that a softer U.S. jobs report and lower Treasury yields were not enough to sustain a broader risk-asset bounce.

Where could Bitcoin go next?

The near-term range to watch runs from $62,216 to $64,568, based on the technical analysis in the Aug. 10 report. A daily close above $64,568 would be the first sign that buyers are regaining control, with the earlier swing high of $66,921 the next cited test. Those are chart-based scenarios, not forecasts.

On the downside, a break below $62,216 would reinforce Bitcoin’s sequence of lower highs and lower lows since its May peak near $80,000. The report identified $60,000 and then $58,000 as the next areas traders would watch in that case.

Why did lower yields not lift Bitcoin?

Employers cut 23,000 jobs in July, compared with economists’ expectations for a gain of 95,000, according to the Aug. 10 report. Markets took the weak result as an argument for the Federal Reserve to leave interest rates unchanged, and Treasury yields declined. Lower yields can make riskier assets relatively more attractive, but they do not create demand for Bitcoin on their own.

Bitcoin’s failure to sustain a rally after that data suggests market participants were still cautious. The 50-day average remained below the 200-day average, a pattern traders call a death cross. It indicates that medium-term price momentum has been weaker than the longer-term trend, though it does not determine future returns.

What the market signals show

• Momentum: The relative strength index, or RSI, stood at 50. On a 0-to-100 scale, that is a neutral reading rather than a signal that buyers or sellers have a clear advantage.
• Trend strength: The Average Directional Index, or ADX, was 10.6. Readings below 20 generally point to a choppy market without a strong trend. The directional measures in the report leaned bearish.
• Prediction-market sentiment: Myriad’s next-move contract placed 64.6% odds on Bitcoin reaching $55,000 before $84,000. A separate August-low contract put the chance of touching $60,000 at 35% and $55,000 at 8%. The different figures reflect separate contracts and time frames, and are sentiment measures rather than price predictions.

Broader conditions remain important. Morningstar reported that Bitcoin was down about 25% in 2026 after exceeding $126,000 in October 2025, while U.S.-domiciled spot crypto ETFs recorded $2.7 billion in outflows in the six weeks through July 17. Analysts cited by Morningstar pointed to Federal Reserve policy, inflation and real rates, ETF demand, U.S. crypto regulation and political developments as potential second-half drivers.

Technical levels and prediction-market odds can change quickly. They offer a way to track market positioning, not investment advice or a reliable map of Bitcoin’s future price.

This story draws on original reporting from Decrypt.