BTC price inches up with US stocks as Bitcoin bulls fight for $65K

Bitcoin sees a round of automated selling as BTC price vies with battered US stocks for a short-term recovery.

• Bitcoin (BTC) revisited $65,000 after the July 25 Wall Street open as United States equities recovered from their worst day since 2022.
• Data from Cointelegraph Markets Pro and TradingView showed a BTC price rebound following initial sell-side pressure.
• This was in the form of trading algorithms, popular trader Skew said on the day, while highlighting one entity in particular whom he dubbed an “aggro seller.

Bitcoin ticks higher after algo-led sell-off

“This morning is a great example of liquidity games,” he explained in his latest X update.

“Aggro sellers slammed prices lower before large passive buyers came in. Price momentum is basically just positions covering over and over till closed and then market is net long. So probably another reversion trade later on.”

“Did the bubble just pop?” trading resource The Kobeissi Letter queried in part of the day’s X commentary.

Trader sets key target for BTC price daily close

Meanwhile, popular trader and analyst Rekt Capital stressed the importance of the current battle to flip $65,000 to support.

Previously, Rekt Capital estimated that BTC/USD could need only around two months to achieve a new all-time high.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.