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Bitcoin stabilizes amid escalating tensions

Technical Analysis
By Ahmed Ashraf
Bitcoin stabilizes amid escalating tensions
0 14

BTCUSD

البيتكوين 17-8-2026

Bitcoin trades above the $62,000 support level and is likely to rise and retest the secondary resistance level at $64,000; this scenario would be invalidated if the price breaks below the aforementioned support level during today’s trading.

Support

 62000 58500
Resistance 64000

65250

Bitcoin is trading near $63,000 amid quiet market activity and a narrow range between $62,805 and $63,369, while Michael Saylor described the cryptocurrency as “digital monetary energy” capable of storing and transferring economic value over time. Despite his continued long-term bullish view on Bitcoin, current price action still lacks strong momentum, with the cryptocurrency stabilizing around $62,900.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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