- The Price of Bitcoin stays under short-term resistance amid a rejection from the $65,300 region.
- Riot Platforms revealed an artificial intelligence deal of $9.1 billion for 191 megawatts in Texas.
- Riot slashed its Bitcoin position by 4,300 BTC despite an increase in the company’s data center footprint.
Bitcoin price remained near $64,291 after a sharp decline from the $65,300-$65,340 area, with technical indicators showing continued short-term pressure on the asset. Bitcoin was down 1.11% over 24 hours, according to the market data provided, after falling from approximately $64,970 and stabilizing around $64,000.
At the same time, Riot Platforms moved into focus after reporting a $9.1 billion agreement with a leading frontier artificial intelligence lab for computing capacity at its Rockdale, Texas, campus.
Bitcoin Price Faces Key Technical Levels
The four-hour chart showed Bitcoin trading below its 20-day exponential moving average at $64,512 and its 50-day EMA at $64,420. The asset remained above the 100-day EMA at $64,278 and the 200-day EMA at $64,210, leaving those levels as nearby technical support.
Source: Trading View
The relative strength index stood at 45.30, indicating that momentum had moved into neutral-to-bearish territory without reaching oversold conditions.
Bollinger Bands assigned the value of the middle band to be $64,703 and that of the lower band at $63,846. The Fibonacci retracement found the values of the resistances to be $64,979, $65,
The reported support and resistance levels include:
- Support around $64,000 followed by $63,846 and $63,650.
- Deeper support at $62,216.
- Resistance between $64,420 and $65,560.
A move above $64,703 and $64,979 would place Bitcoin back above several technical resistance levels, while weakness below $64,000 could expose the lower support zones.
Riot Platforms Reports $9.1 Billion AI Deal
Riot Platforms shares gained more than 20% before U.S. equity trading on Tuesday after the company reported a $9.1 billion agreement with a leading frontier AI laboratory. Bloomberg identified the company involved as Anthropic.
The agreement covers 191 megawatts of computing capacity at Riot’s Rockdale campus in Texas. Deployment will start in December 2027, while full buildout should be completed by June 2028.
The contract contains two options for extending the term of service for five years each, which might bring total contract revenues to $16.1 billion. According to Riot, net operating income in the base period is expected to amount to $7.3-$8.2 billion.
The development follows Riot’s existing lease agreement with Advanced Micro Devices. Including the new agreement, contracted AI capacity at the Rockdale site reaches 241 megawatts. Riot delivered an initial 25 megawatts during the second quarter and is constructing another 25 megawatts.
Bitcoin Mining Revenue Declines in Second Quarter
Riot reported second-quarter revenue of $174.2 million, representing a 14% increase. Data-center revenue contributed $23.2 million during the quarter.
Bitcoin mining revenue declined to $113.7 million as lower Bitcoin prices and increased network competition offset higher production. Riot has also been using monthly Bitcoin production to help finance its data-center investment.
Its Bitcoin holdings fell from 15,680 BTC to 11,380 BTC at the end of the quarter, representing a reduction of 4,300 BTC over three months.
The company’s infrastructure strategy comes as other Bitcoin miners pursue AI-related data-center agreements. Cipher Mining, TeraWulf and IREN were reported to be more than 40% below their respective record highs despite continued deal activity.
FAQs
What is Bitcoin trading at?
Bitcoin was trading near $64,291 in the provided market data and was down 1.11% over 24 hours.
What are Bitcoin’s key support levels?
The provided technical analysis identifies $64,000, $63,846, $63,650 and $62,216 as key support areas.
What is Riot Platforms’ AI agreement worth?
Riot reported a $9.1 billion agreement covering 191 megawatts of computing capacity, with extension options that could raise total contract revenue to $16.1 billion.
