BTC Price Struggles Below $65K as Sellers Dominate the Market

Bitcoin's price remains under pressure despite stabilizing above recent swing lows. The short-term structure has shifted into consolidation, but the broader trend favors sellers unless BTC can reclaim key resistance levels.

The daily chart shows that since the decline from $74K, BTC has been trading in a range between $60K and $67K. Buyers have defended the lower boundary of this range, while the $67K resistance zone continues to cap every recovery attempt.

Looking at the 4-hour timeframe, Bitcoin is consolidating after breaking below a rising channel that supported the recovery throughout July. The price is currently testing short-term support around $63K to $63.5K after rejecting the $65K resistance area.