Is $64.5K the Next Stop?

 Key Insights:

• Bitcoin falls below $66,670 daily support, shifting short-term structure toward downside pressure.
• Analysts identify $64,500 as next liquidity zone if resistance near $68,410 holds firm.
• Realized price near $55,000 remains key macro support based on past cycle behavior.

Bitcoin (BTC) trades at $65,611 after falling 2.5% in the past 24 hours. Over the last seven days, price is down 3.8%. Daily trading volume stands near $49 billion, showing active market participation during the pullback.

On the 30-minute chart, BTC recently pushed into the $68,300 to $68,400 range, where prior highs were positioned. The move cleared buy-side liquidity before price turned lower. Trader Lennaert Snyder said BTC saw a “very nice reaction after sweeping buy-side liquidity,” and noted that a break below $66,670 would confirm further downside.

Price has now moved under that daily low. The $68,410 daily high stands as near-term resistance. As long as BTC remains below this level, sellers keep control on lower timeframes.

$64.5K Level Draws Attention

With the daily low broken, focus shifts to the $64,500 area marked on the chart as a liquidity zone. Such levels often attract price during short-term downtrends as orders tend to cluster there.

Snyder wrote, “If we lose the daily low, the current ~$68,410 daily high becomes a strong pivot for the day/week.” BTC now trades below that pivot zone. Market participants watch whether price extends toward $64,500 in the coming sessions.

The short-term structure shows a lower high near $68,400 and continued rejection below resistance. Without a move back above the daily high, upward momentum remains limited.

$55K Realized Price Remains Key

Data from CryptoQuant places Bitcoin’s realized price near $55,000. This metric reflects the average on-chain acquisition cost of circulating supply and has aligned with past bear market lows.

CryptoQuant stated,

In prior cycles, BTC traded 24% to 30% below this level before stabilizing. Current price remains about 18% above $55,000.

Past patterns show that when BTC approaches the realized price, it often trades sideways for a period before recovery. At present levels, the market has not reached the deeper discounts seen in earlier cycle lows.

Monthly EMAs Frame Broader Trend

On the monthly chart, BTC trades between the 21-Month EMA and the 50-Month EMA. Rekt Capital noted that Bitcoin could remain between these two moving averages for some time.

The analyst stated that “any relief from the 50-Month EMA would be limited and could fall short of the green 21-Month EMA.” In previous cycles, failure to reclaim the 21-Month EMA led to extended declines.

If price falls below the 50-Month EMA, historical data shows that further downside can follow. Traders now monitor $64,500 in the short term and $55,000 on the macro chart as key levels.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.