FX.co ★ Bitcoin/BTCUSD forecasts

BITCOIN TODAY SATURDAY, 01/08/2026 Analysis of Bitcoin’s Next Move Current price: 63032.52 Current condition: MA Trend: Price just dropped and is now below the red MA50 at 64267.27. MA is starting to flatten and bend down = short-term bearish pressure. Structure: After failing to break 66974.83 on July 20, BTC formed a lower high at 65757.86. Now it’s testing key support. What needs to be monitored for the next 24 hours are the 62499.50 and 64267.27 lines. Break below 62499 → Target 61486. Break above 64267 → Target 65757. Conclusion: Bitcoin is at a crossroads. The 62499.50 - 63032 area is very crucial. As long as it hasn’t reclaimed 64267.27, the bias remains bearish. If 62499 breaks with an H4 close, the potential to 61486 is high. Conversely, if it can close H4 above 64267, then it’s valid to aim for 65757 again. Key levels Resistance: 64267.27 → 65757.86 → 66974.83 Support: 62499.50 → 61486.16. The 61486 area is strong support from early July. Purple Arrow Scenario: Bullish: Bounce from 62499.50 → reclaim 64267 → continue to 65757 Bearish: Break 62499.50 → drop to 61486.16

Trading plan Sell plan - Continuation Down Trigger: H4 close below 62499.50 Entry: 62400 - 62300 after retest of 62499 from below SL: 62900. Above 63032 + buffer TP1: 61486.16. Main support TP2: 61076.80 TP3: 60303.90 RR: ± 1:2.1 to TP1 Reason: Support break + price below MA. Confirmation with a big red candle is more valid. Buy plan - Bullish Reclaim Trigger: H4 close above 64267.27 Entry: 64350 - 64450 after retest of 64267 from above SL: 63750. Below 63995 + buffer TP1: 65757.86. Previous high TP2: 66974.83. July 20 high RR: ± 1:2.2 to TP1 Reason: MA reclaim + structure break. Sign that buyers are back in control. Scalping buy plan - from Support Trigger: Price enters the 62499 - 62650 area and a bullish reversal candle appears (pinbar/engulfing) Entry: 62550 - 62650 SL: 62150. 350 points below 62499 TP1: 63500. Mid area TP2: 64267.27. MA 200 RR: ± 1:2.5 Note: This is counter-trend. Cancel if there’s an H4 close below 62499.50 That’s the analysis and trading plan for bitcoin going forward. Wait for the H4 close. Don’t enter while the candle still has 1 hour to go. Move SL to BE after TP1 is hit