Bitcoin price rebounds from $63,200 as CPI looms
Bitcoin price recovered above $64,000 on Aug. 12 after a leveraged-position flush drove BTC into the $63,200 support zone ahead of key U.S. inflation data.
Bitcoin price action today
According to data, Bitcoin (
$BTC ) price was trading near $64,130 at the time of writing, up 0.83% on the daily candle after moving between $63,534 and $64,218.
BTC had fallen toward $63,200 earlier in the session as sellers pushed the price below the psychologically important $64,000 level. Buyers entered near the lower end of the recent range, allowing Bitcoin to