Bitcoin price falls toward $63K as CPI rally fades

Bitcoin price slipped toward $63,300 on Aug. 13 as an in-line U.S. inflation report failed to generate enough demand for a break above the $64,500–$65,000 resistance zone. Summary Bitcoin price fell about 1.5% from $64,300 to $63,300 after the July CPI release. The daily chart keeps BTC below the key $66,460 Fibonacci resistance. Liquidation clusters sit near $64,000–$64,800 and $62,800, raising the risk of volatility. Daily RSI has fallen to 46.61, while the MACD shows renewed bearish pressure. Bitcoin price action today The U.S. Bureau of Labor Statistics reported that the Consumer Price Index rose 0.1% in July and 3.4% from a year earlier. Both readings matched market forecasts, while annual inflation eased from 3.5% in June. Bitcoin initially held near $64,000 after the Aug. 12 release but failed to build on the softer annual reading. The price subsequently fell from around $64,300 to an intraday low near $63,300 before recovering slightly. The 4-hour Binance chart showed BTC trading around $63,620 at the time of analysis, down 0.39% during the active candle. Its latest rebound stalled near $63,900, leaving the price below the short-term breakdown area around $64,000. Bitcoin p...