Bitcoin Trades Sideways Between $63.8K and $64K on July 16 Amid Mixed Technical Signals

BTC-0.77%
Per Bitstamp data, on July 16, Bitcoin traded between $63,800 and $64,094, within a daily range of $63,800 to $65,501. The MACD indicator at 94 flashed a bullish signal, while six moving averages exceeding 50 days showed bearish readings, reflecting a technical standoff. A daily close above $65,500 or a drop below $63,800 will likely determine Bitcoin's next directional move.
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