Bitcoin Price Surges as SuperTrend Flips Bullish Near $64,700

Bitcoin's short-term momentum has shifted in favor of buyers after the cryptocurrency rebounded from the low-$62,000 area. The four-hour SuperTrend indicator produced a fresh bullish signal near $64,700, similar to its previous signal on July 3 that preceded a 16% advance from $57,700 to $68,900.

The latest signal suggests Bitcoin is testing a major resistance zone after breaking above the SuperTrend line. The chart shows a dense liquidity cluster between roughly $60,800 and $62,200, with $61,300 identified as the main bearish target if Bitcoin fails to clear $65,000.

A sustained break above $69,000 would confirm stronger upside momentum rather than another temporary recovery inside the recent range. However, a four-hour close back below the SuperTrend line or a drop under $63,000 could weaken the setup and expose the next support zones near $61,000 and $59,000.

Bitcoin trades near $64,714 on the chart, leaving price just below the resistance band between $65,200 and $65,600. A confirmed move above $65,600 could send BTC toward $67,000-$69,000.