Bitcoin price rebounds from $63,200 as CPI looms
Bitcoin price recovered above $64,000 on Aug. 12 after a leveraged-position flush drove BTC into the $63,200 support zone ahead of key U.S. inflation data. Summary Bitcoin rebounded from $63,200 to about $64,130 after breaking below $64,000. Cumulative long-short positioning fell by roughly $174 million during the decline. The 4-hour chart places resistance near $64,400…
