BTC struggles to break $65k resistance despite improving order flow and reduced seller pressure near $64,000.
Bitcoin remains range-bound near $64,000 as sellers fail to push prices below $63,865, signaling a potential short-term recovery. The broader structure remains bearish after BTC lost critical support at $64,900-$65,000 on August 10, but order flow has turned more constructive.
The cryptocurrency fell from $65,200-$65,500 to a low of $63,865 earlier this month, with the breakdown below $65,000 confirming bearish momentum. However, recent price action shows sellers struggling to maintain downward pressure, with absorption near $64,000.
Key resistance levels to watch include $64,300-$64,400 for an initial repair test and $64,875-$65,000 for a broader structural shift. A drop below $63,865 would reignite downside risks.