Bitcoin Bytes: Daily Bitcoin Price Analysis & News: Aug 3rd. 2026
- Aug 4
- 2 min read
Updated: 6 days ago
At the time of writing, the price of Bitcoin is approximately $63,734. In recent days, we have been trading in a calm market characterized by low volatility, with a bottom of $62,225 and not surpassing $65,666. The Fear & Greed Index indicates neutral values.
We do not anticipate any significant movements either upward or downward. We will closely monitor the situation and provide updates if the market shows any indication of a forthcoming movement.
Bitcoin Price: Technical Analysis
As you can see on below chart we are trading within a range and can anticipate reactions at support and resistance levels. Unless there is a candle closing price above Resistance 2 or below Support, we can expect trading to continue within the range without significant price movements.
Volume Profile
The volume profile is balanced, indicating price equilibrium, suggesting we can expect continued range trading. To break from this equilibrium, a stronger market signal will be necessary.
Technical Indicators BTC/USD 1h Chart
Technical indicators suggest a neutral or slightly positive outlook, further confirming the market's lack of a clear direction, indicating that it will likely remain within the range we previously defined.
Name | Value | Action |
ADX(14) | 25.55 | Good |
CCI(20) | 51.25 | Neutral |
MACD(12,26,9) | 155.46 | Buy |
Parabolic Sar | 63438.76 | Buy |
ROC(9) | 0.001 | Buy |
RSI(14) | 58.07 | Neutral |
STOCH(5,3,3) | 64.20 | Neutral |
STOCHRSI(14) | 52.26 | Neutral |
Ultimate Oscillator | 52.022 | Neutral |
Williams %R(14) | -29.98 | Neutral |
Bitcoin ETFs have experienced a net inflow of $171.10M, a significantly higher figure compared to last week's outflows of $11.60M.
Bitcoin ETFs Net Flow | |
|---|---|
Date | Value |
Aug. 3, 2026 | +$171.10M |
Source: CoinMarketCap
Latest Bitcoin News
Strategy Is Buying Bitcoin Again
Strategy Executive Chairman Michael Saylor is signaling a return to buying after a five-week pause. Posted on X
Strategy's most recent SEC filing, covering activity through July 26, shows the firm holds 843,775 BTC. That position was acquired for a total of approximately $63.69 billion at an average of $75,476 per coin. Source: CoinMarketCap
Russia's government bans crypto mining
Russia's government bans crypto mining in Moscow, Moscow Oblast, and parts of Kursk Oblast from Aug. 15 through end-2032 over grid strain and power shortage concerns. Source: CoinMarketCap
A Coldcard Firmware Drained Millions in Bitcoin
A coding error in a March 2021 Coldcard firmware release has enabled attackers to steal approximately 1,367 Bitcoin (BTC), worth close to $89 million, from 4,585 addresses. Galaxy Research tracked the theft across three separate waves of attacks between July 30 and Aug. 2. The firm flagged the third and most recent wave early on Aug. 2, reporting that roughly 208 BTC was drained from 1,912 addresses between midday July 31 and the morning of Aug. 1 UTC. Source: CoinMarketCap
JAN MATULA
Founder of Bitcion.Blog
Graduate of Bratislava University of Economics and Business, experienced Forex and Stocks trader since 2008, early Bitcoin investor and crypto trader since 2021.
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