Loading article…
Bitcoin (BTC) price rose over 2% to $64,000, rebounding from recent lows. Over $1.57 billion in BTC liquidations occurred in 24 hours, mostly shorts.
Bitcoin (BTC) price rose over 2% to pass $64,000 on Monday, rebounding from its weekly close as US stocks declined and gold gained [2]. The move follows a recovery from a major support area around $62,400–$62,900, suggesting a potential shift in short-term market structure [1].
| At a glance | |
|---|---|
| Price | $64,000 [2] |
| 24-hour change | +2% [2] |
| Key level | Above $62,400–$62,900 support [1] |
| 24-hour liquidations | ~$1.57 billion across 114,038 traders [1] |
Bitcoin's rebound saw it trading near $64,100 after breaking above a descending structure [1]. This move coincided with US equities turning lower, with the S&P 500 index down 0.5% from its all-time highs, and safe-haven gold gaining over 1% to reach $4,427 per ounce [2]. Gold-backed exchange-traded funds (ETFs) saw nearly $12 billion in inflows over 30 days through August 13 [2].
Despite the recent gains, Bitcoin remains within a broader bearish market structure, having formed lower highs and lower lows inside a descending trendline [1]. Analysts at Fundstrat note prolonged weakness and near-record low volatility for BTCUSD, forecasting a roughly 30% move in the next two months [1]. BlackRock maintains a long position on BTCUSD, suggesting a 1%–2% spot CFD allocation could boost risk-adjusted returns, citing Bitcoin's fixed supply, institutional access, and evolving regulation [1].
The price increase led to significant liquidation activity, with approximately $1.57 billion in BTCUSD spot CFD liquidations occurring across 114,038 traders in 24 hours, predominantly short positions [1]. This volume was linked to forced buys and sharp intra-hour squeezes [1].
Bitcoin's current trading range shows consolidation around $63,000 after reacting from the $62,287–$62,400 support area [1]. Resistance is noted between $64,300–$64,450, with a potential sell zone identified between $63,800–$64,200 [1].
| Technical Levels | |
|---|---|
| Support Area | $62,287–$62,400 [1] |
| Resistance Zone | $64,300–$64,450 [1] |
| Invalidation (Bearish) | Above $64,500 [1] |
Bitcoin's ability to rebound to $64,000 amidst broader market shifts, coupled with significant short liquidations, highlights its ongoing volatility and the importance of key technical levels in determining its near-term direction.
Coverage is mostly measured — 282 of 300 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Aug 19, 2026 · How we report
Both assets are viewed as having a supply that cannot be increased at the discretion of a government, as Bitcoin's monetary rules were set at its launch.
While the base Bitcoin network allows for permissionless transactions, centralized entities like exchanges or stablecoin issuers can freeze assets if they are subject to regulatory or sanction requirements.
Analysts point to renewed optimism regarding U.S. crypto regulation, a short squeeze liquidating over $4 billion in bearish positions, and concerns over global financial infrastructure.