Bitcoin Holds Near $64k as Order Flow Improves, but Key Resistance Remains

Bitcoin's price analysis reveals that despite still being in a bearish structure after losing the $64,900-$65,000 region, order flow is improving. The August 10 breakdown remains unresolved, but sellers are struggling to push prices lower near $63,865-$64,000.

This suggests that buyers are absorbing supply and becoming more effective at supporting the price. However, Bitcoin still needs to reclaim major resistance before the broader structure can turn bullish.

The key test for a bullish reversal is around $64,875-$65,000, where former support must prove it can become accepted value again. A rally into $65,000 is not automatically bullish and requires a reclaim and hold of this level.