Bitcoin price has stabilized near $62,500 after a weekend plunge below $62,000, while renewed U.S.-Iran hostilities and an oil surge have kept analysts cautious before U.S. inflation data.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to data from crypto.news, Bitcoin (BTC<\/a>) price traded at about $62,504 on July 14 after moving between an intraday low of $61,794 and a high of $63,063. The recovery has remained limited after sellers rejected the asset above $64,000 and forced a fast retreat toward the lower end of its July range.<\/p>\n Brent crude climbed above $85 per barrel after President Donald Trump announced<\/a> the return of a U.S. naval blockade on Iran and a 20% charge on cargo shipped through the Strait of Hormuz. Higher fuel costs could complicate the inflation outlook and reduce the case for easier monetary policy.<\/p>\n The June U.S. CPI report is scheduled for 8:30 a.m. Eastern Time, followed by Federal Reserve Chair Kevin Warsh\u2019s testimony before the House Financial Services Committee at 10 a.m. A stronger inflation print or hawkish remarks could lift bond yields and weigh on Bitcoin, while softer data may help buyers challenge resistance.<\/p>\n Farside Investors recorded<\/a> $424.7 million in net outflows from U.S. spot Bitcoin ETFs on July 13, including $185.5 million from BlackRock\u2019s IBIT and $245.6 million from Fidelity\u2019s FBTC. The withdrawals reversed the previous session\u2019s $90.4 million inflow and reduced a key source of spot demand.<\/p>\n <\/p>\n On the daily chart, Bitcoin remains below the 0.786 Fibonacci retracement at $63,131, drawn from the May peak near $82,844 to the June low around $57,765. A daily close above that level would improve the recovery setup and place the $64,000\u2013$64,690 zone back in focus.<\/p>\n The daily MACD line has crossed above its signal line, but both remain below zero, while the positive histogram has narrowed during the latest pullback. Chaikin Money Flow stands at 0.07, slightly above zero, though price has not cleared resistance.<\/p>\n On the 4-hour chart, Bitcoin trades below the Supertrend barrier at $64,004, while the RSI sits at 39.71 and below its 44.68 moving average. Immediate support lies near $61,560, with the main range ceiling at $64,690.<\/p>\n CoinGlass\u2019s one-week liquidation heatmap shows dense leverage around $61,000\u2013$61,500 below price and another large cluster near $64,800\u2013$65,000 above it. According to crypto analyst Lennaert Snyder, open interest rose during the latest drop as spot selling increased and funding stayed positive.<\/p>\n \u201cIf CPI triggers enough volatility and pushes price towards the 63.5K zone, I\u2019m shorting the reaction towards 60.4K,\u201d Snyder wrote.<\/p>\n\n
Bitcoin price has failed to reclaim $63,100 resistance<\/h2>\n
![\"Bitcoin](\"https:\/\/media.crypto.news\/2026\/07\/BTCUSDT_2026-07-14_15-12-50.webp\")
![\"Bitcoin](\"https:\/\/media.crypto.news\/2026\/07\/BTCUSDT_2026-07-14_15-15-14.webp\")
![\"Bitcoin](\"https:\/\/media.crypto.news\/2026\/07\/BTC-Liquidation-Heatmap1-week-2026-07-14_15_09_03.webp\")