# Bitcoin Rebounds to $64,000 as Gold Gains

**Published:** 2026-08-19T17:56:53.278Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/22e2afe8-93f7-450b-9554-5e28d9bd4de8

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] |

## Price Action and Market Context

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].

## Liquidation Activity and Technical Levels

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] |

## What to watch

*   **Resistance at $64,400–$64,547:** A sustained move above this zone could signal a stronger bullish shift [1].
*   **Support at $62,400–$62,900:** Continued defense of this area is crucial for maintaining the recent recovery [1].
*   **Broader Market Structure:** Monitoring whether Bitcoin can break out of its descending trendline and establish higher lows and highs will indicate a more definitive trend change [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.

## Sources
1. Tradingview — [BTC USD — Bitcoin Price and Chart — TradingView](https://www.tradingview.com/symbols/BTCUSD/)
2. Cointelegraph — [Bitcoin hits $64K as gold gains while oil shakes off Trump Oman threat](https://cointelegraph.com/markets/bitcoin-hits-64k-as-gold-gains-while-oil-shakes-off-trump-oman-threat)

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Cite as: TrendWatcher, "Bitcoin Rebounds to $64,000 as Gold Gains", https://www.trendwatcher.in/article/22e2afe8-93f7-450b-9554-5e28d9bd4de8