Over the past seven days, Bitcoin has remained relatively flat with an increase of approximately 0.3%. Its seven-day trading range has been between US$63,405 and US$65,363, indicating that BTC is still in a consolidation phase despite a recent uptick in intraday volatility.
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Bitcoin Fails to Hold US$65,000
Bitcoin briefly touched around US$65,317 in the last 24 hours, but selling pressure pushed BTC back toward US$64,000. The price even dipped to around US$63,771 before seeing a slight recovery.
This movement shows that the US$65,000–US$65,400 area remains a key short-term resistance level. Bitcoin has approached this zone several times over the past week but has yet to build consistent breakout momentum.
On the downside, the US$63,700–US$63,800 area serves as the nearest support based on the 24-hour trading lows. Meanwhile, the seven-day low of around US$63,405 could be the next area to watch if selling pressure continues.
Key areas to watch right now:
- Nearest support: US$63,700–US$63,800
- Next support: US$63,300–US$63,500
- Secondary support: around US$63,000
- Initial resistance: US$64,500–US$65,000
- Major resistance: US$65,300–US$65,400
- Next resistance: around US$66,000
These levels are editorial technical estimates based on recent trading ranges and are not a guarantee of future market direction.
Bitcoin ETFs See US$91 Million Outflow
After five consecutive sessions of inflows, U.S. spot Bitcoin ETFs finally turned negative on Monday, August 10, 2026.
Farside Investors data shows that spot Bitcoin ETFs recorded a net outflow of approximately US$91 million. Fidelity's FBTC saw an outflow of US$40.3 million, Bitwise's BITB US$28.4 million, BTCO US$7.4 million, and GBTC US$52 million. On the other hand, Grayscale's BTC product recorded an inflow of US$37.1 million.
This shift is quite significant, as in the five previous sessions, August 3–7, Bitcoin ETFs consistently recorded inflows:
- August 3: US$170.1 million
- August 4: US$211.5 million
- August 5: US$244.4 million
- August 6: US$137.6 million
- August 7: US$101.7 million
In total, Bitcoin ETFs received approximately US$865.3 million during those five sessions before reversing to record outflows on August 10.
A single day of outflows is not enough to signal a reversal in institutional trends. However, if the outflows continue over several sessions, it could become a factor worth monitoring, as previous ETF demand helped absorb selling pressure in the market.
Strategy Sells 1,690 Bitcoin
Another development catching the market's attention comes from Strategy, the largest corporate holder of Bitcoin.
Official data from Strategy's Bitcoin Ledger shows the company sold 1,690 BTC on August 10, 2026, at an average price of approximately US$64,262 per BTC and a transaction value of approximately US$109 million. Following the transaction, Strategy is recorded as holding approximately 840,447 BTC.
The sale occurred after Strategy also offloaded 1,638 BTC on August 3 and 2,225 BTC on July 6. Nevertheless, the company's Bitcoin holdings remain substantial.
Strategy's sales and ETF outflows coincided with a decline in Bitcoin's price toward US$64,000. However, these cannot be considered the sole drivers of price movement, as BTC is also influenced by spot and derivatives market activity, global liquidity conditions, and expectations regarding monetary policy.
Market Sentiment Remains in the Fear Category
The Crypto Fear and Greed Index was at a level of 29, or the Fear category, on August 11, 2026. The index continues to indicate that investors remain cautious, even though Bitcoin has held above US$60,000.
The Fear condition is consistent with Bitcoin's price action, which is still struggling to break out of its consolidation range. BTC trading volume has also increased compared to the previous day, with CoinGecko recording a volume of approximately US$20.4 billion over 24 hours.
The increase in volume during a price decline should be monitored to see whether selling pressure will persist or if buyers will begin to re-enter near support levels.
Market Still Digesting Negative July NFP
A key macro catalyst from last week was the United States employment report.
The Bureau of Labor Statistics reported that July 2026 Nonfarm Payrolls fell by 23,000 jobs, while the unemployment rate stood at 4.1%. This job growth was significantly weaker than the average monthly increase of approximately 34,000 jobs over the previous 12 months.
The BLS also revised the May data from +129,000 to +63,000 jobs, while June was revised from +57,000 to just +20,000 jobs. Combined, the May and June data were revised downward by 103,000 jobs.
In terms of wages, average hourly earnings only rose by US$0.02 in July, while annual growth slowed to 3.2%.
Weaker labor data may increase expectations that the Federal Reserve has more room to ease monetary policy. However, an overly sharp economic downturn could also heighten concerns about economic growth, meaning its impact on Bitcoin does not always move in one direction.
CPI Tomorrow Becomes Key Catalyst for Bitcoin
After the market digests the NFP, attention now shifts to the July 2026 Consumer Price Index.
The Bureau of Labor Statistics has scheduled the July CPI for release on Wednesday, August 12, 2026, at 8:30 AM Eastern Time. Because the United States is currently in daylight saving time, this schedule is equivalent to approximately 7:30 PM WIB.
The CPI is significant because the data can influence market expectations regarding Federal Reserve interest rate policy.
If CPI Is Lower Than Expected
Lower inflation could strengthen expectations that the Fed has more room to ease policy.
In such conditions, the US dollar and bond yields may weaken, which generally creates a more favorable environment for Bitcoin and risk assets.
If CPI Is In Line With Expectations
If inflation does not provide any major surprises, market attention will likely shift back to ETF flows, stock market conditions, the US dollar, bond yields, and Bitcoin derivative positions.
BTC may remain in a consolidation phase if no strong new catalysts emerge.
If CPI Is Higher Than Expected
Hotter inflation could dampen expectations for monetary policy easing.
This scenario could put pressure on risk assets as the market may once again price in higher interest rates for longer.
All of these scenarios represent potential market reactions, not definitive predictions for the direction of Bitcoin.
Bitcoin Price Levels to Watch
Resistance
US$64,500–US$65,000
Bitcoin needs to return to this area after dropping to around US$64,000. US$65,000 is also a psychological level that failed to hold during recent trading.
US$65,300–US$65,400
This zone is near the 24-hour high of US$65,317 and the seven-day high of around US$65,363. A consistent breakout could indicate that buying momentum is starting to strengthen.
US$66,000
This is the next area to watch if Bitcoin can break out of the US$63,000–US$65,400 consolidation range.
Support
US$63,700–US$63,800
The nearest support based on the 24-hour low is around US$63,771.
US$63,300–US$63,500
This zone is near Bitcoin's seven-day low of approximately US$63,405.
US$63,000
If US$63,400 cannot be maintained, US$63,000 could once again become the next psychological level for traders to watch.
Bitcoin Price Prediction Today
Bullish Scenario
Bitcoin needs to reclaim US$64,500 and then break through US$65,000–US$65,400.
Bullish momentum could strengthen if supported by a recovery in spot demand, renewed ETF inflows, and the market positioning itself ahead of CPI data that supports expectations for looser monetary policy.
Bullish target: US$65,300–US$66,000.
Sideways Scenario
Bitcoin may continue to consolidate if support around US$63,700 holds, but buyers remain unable to reclaim US$65,000.
Sideways range: approximately US$63,700–US$65,000.
This scenario is quite relevant ahead of the CPI release, as some market participants may choose to reduce aggressive positions before the inflation data is published.
Bearish Scenario
If Bitcoin falls below US$63,700, attention may shift toward the US$63,300–US$63,500 area.
A further decline below the seven-day low of around US$63,405 could increase the risk of BTC testing US$63,000 or lower levels.
Initial bearish target: US$63,000–US$63,500.
All scenarios above are editorial technical estimates based on the latest price data and are not a certainty of market direction.
Conclusion
Bitcoin's price today, August 11, 2026, is around US$64,000, down about 1.6% after failing to maintain the US$65,000 area. BTC is trading in a range of approximately US$63,771–US$65,317, while 24-hour trading volume has reached about US$20.4 billion.
On the institutional side, spot Bitcoin ETFs recorded a net outflow of US$91 million on August 10, ending a streak of five consecutive inflow sessions that previously generated a total of about US$865.3 million.
The market is also closely watching Strategy's decision to sell 1,690 BTC worth approximately US$109 million on August 10. Following this transaction, the company still holds approximately 840,447 BTC.
On the macro front, the July NFP report showed a decline of 23,000 jobs and significant downward revisions to the May and June data. The next focus shifts to the July CPI, which will be released on August 12 at approximately 7:30 PM WIB.
In the short term, the key areas to watch are US$63,700–US$63,800 as support and US$65,000–US$65,400 as resistance. Tomorrow's CPI has the potential to be the next catalyst that determines whether Bitcoin can break back above US$65,000 or if it will extend its correction.
Disclaimer: All information in this article is for informational purposes only and does not constitute investment advice. Bitcoin prices can change rapidly due to market volatility. Always conduct your own research and align your decisions with your financial goals and risk profile.
