Bitcoin Holds Above $64,500 as Short Liquidations Drop
Bitcoin briefly approached $65,000 on Thursday, holding support above $64,500 despite intraday pullbacks to $64,144 and bringing its gains since Aug. 1 to roughly 3%. Key TakeawaysBitcoin nearly reached $65,000 on Thursday, finding solid support above $64,500 despite intraday drops.Bitcoin pushed total crypto market cap near $2.29T as short liquidations fell to $30 million.Debate over BIP 110 and a potential 2-chain fork creates pre-fork buying pressure before pullbacks. Market Momentum and Intraday Volatility Bitcoin nearly reached $65,000 on Thursday as the cryptocurrency‘s gradual rise, albeit a slower one since the start of the month, showed no signs of slowing. Although selling pressure weighed on the market at times, bitcoin’s daily chart showed support above $64,500 during pullbacks. However, bitcoin slipped below that threshold in two separate trading sessions. The first drop occurred between 9 p.m. and midnight, when the price fell to around $64,480 or lower. While bitcoin rallied past $64,900 by 1:30 a.m. EST, a similar pattern emerged shortly after 8 a.m., when the asset dropped to a 24-hour low of $64,144. A swift rebound erased those losses, pushing bitcoin back past $64,800. At the time of writing, the asset was trading above $64,500, up 0.2% on the day. Since the start of the









