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Bitcoin trades near $64,000 with low volatility amid key resistance and potential breakout points.

Market News
04 Aug 2026
Benzinga
View Source
Neutral
Bitcoin trades near $64,000 with low volatility amid key resistance and potential breakout points.

Bitcoin remained around the $64,000 level on Tuesday, showing low volatility and sideways movement. Data revealed significant trader liquidations totaling $164.57 million in 24 hours, while spot Bitcoin ETFs saw net inflows of $170.09 million. Analysts noted Bitcoin is testing a descending channel's upper boundary, with $64,300 as a critical breakout level that could lead to gains toward $65,500–$66,500. However, a strong resistance zone between $64,000 and $65,000, marked by large sell orders, may hinder upward movement unless buying pressure increases. Traders also watch August 14 as a historically significant date for Bitcoin's price direction, with a likely test of $60,000 if negative trends persist.

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