Bitcoin Price Forecast: Breaking Through $64,000 Still to be Verified
2026-08-04 17:46:59
According to CoinMeta, as reported by Coinpaper, Bitcoin is testing the resistance level of $64,000, with market liquidity accumulating on both sides. The target price ranges are $67,200 and $61,500. Bitcoin's short-term outlook depends on its ability to regain the key resistance level of $64,000. A confirmed breakout could push targets up to $65,000 to $67,200, while a rejection could cause Bitcoin to move towards the highly liquid range of $61,500 to $62,400. Currently, Bitcoin is trading near $63,465 on the Coinbase 12-hour chart. The $64,000 area has served as a major support level, and a sustained breakthrough above it is crucial for the short-term outlook. If a decisive 12-hour close above $64,000 can be achieved, it will enhance the likelihood of buyers taking control. If the resistance zone cannot be regained, there is a risk of rejection. The recent low near $62,000 provides a support area, and below that, the demand zone around $61,000 is an important level for maintaining a recovery structure. Bitcoin is currently at a decision point; staying above $64,000 will improve the short-term outlook.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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