Bitcoin Stuck in $64.5k Trap Ahead of Fed Meeting

Bitcoin's price has created a $64.5k trap, sitting between $65,000 resistance above and $62,500 support below.

The current price is near $64,100, with $68,000 marking the upside test and $62,500 defining downside risk.

Bitcoin needs to climb just 1.4% to get back above $65,000, which would validate the reclaim and turn the July 24 drop into a failed breakdown.

Traders who bought the July breakout above $65,000 face a crucial decision: defend positions through Sunday, trim exposure before the weekly close locks in, or wait for Bitcoin to recover the level on its own.