Bitcoin price has a $64.5k trap as Sunday’s close forces traders between a $68k relief rally or a drop to $60k
Bitcoin is trading near $64,500, with $65,000 as near-term resistance and $62,500 as key support. A close above $65,000 would confirm that the July 24 drop was a failed breakdown and open a path toward $68,000, where short-term holders may sell near breakeven. A close below $62,500 would weaken the July recovery, put the $60,000 floor back in play, and raise the risk of a deeper slide. Volume is weak, so Sunday’s weekly close matters more than intraday weekend moves. Bitcoin briefly hit $66,990 on July 21 but then lost $65,000, and ETF outflows helped pressure price lower. Monday’s open will likely confirm the move once spot ETF flows and broader markets return. The main question is whether Bitcoin can reclaim its breakout range or whether the recovery fails and turns back toward the long-defended $60,000 area.
