Bitcoin Reclaims $64K, But Recovery Still Needs Proof

Bitcoin has reclaimed the key price level of $64,000-$64,095, but its recovery still needs proof. The rebound is constructive, especially after U.S. spot Bitcoin ETFs returned to daily inflows on Monday.

The next test for Bitcoin is whether it can hold above this area and not merely trade above it briefly. A healthier recovery would include three steps: Bitcoin moves above $64,000-$64,095, spends time above the area instead of immediately slipping back below it, and a later pullback finds buyers around the reclaimed zone, turning former resistance into support.

Ethereum is trading near $1,900, and its recent regulated-fund flows have been less negative than Bitcoin's. BitMine continues to accumulate a very large ETH position, supporting the story, but it is not the same as broad demand.