Bitcoin Price Warning Grows as $64K Reclaim Fails, $61.6K Looms
Key Insights:
- Bitcoin price remained below $64,000 as sellers retained short-term control.
- Exchange reserves moved above a key long-term average.
- Downside liquidity around $61,600 remained a near-term market target.
Bitcoin traded near $63,000 on Aug. 16, 2026, after sellers rejected another recovery attempt above nearby resistance. The Bitcoin price remained below $64,000, leaving short-term structure tilted toward sellers. Coinbase data placed BTC near $62,973 during Sunday trading.
The setup mattered because price weakness coincided with rising exchange-reserve concerns and upcoming macro releases. Traders also faced Federal Reserve minutes and Japanese inflation data next week.
Bitcoin Price Holds Near $63K After Rejection
Coinbase data showed Bitcoin near $62,973, with 24-hour trading volume around $8.57 billion. The platform also listed Bitcoinโs market capitalization near $1.26 trillion during the session.
Crypto analyst, That Martini Guy, said BTC was rejected around $65,000 on Aug. 11. He said the market then produced lower highs and lower lows before reaching roughly $62,400.
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