Bitcoin Price Holds Below $64K Amid Ongoing Selling Pressure
The Bitcoin price remains below $64,000 as sellers retain control of the short-term market structure. According to data from Coinbase, BTC traded near $62,973 on Sunday, with a 24-hour trading volume of around $8.57 billion.
Crypto analyst That Martini Guy identified $63,000 as an immediate support level and $64,000 as overhead resistance, citing the market's failure to reclaim $65,000 on August 11.
Another analyst, Ted Pillows, suggested that sideways trading could persist beneath $65,000, with choppy price action expected over the weekend.