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Bitcoin price rallies to $64,500, showing signs of a potential new bull market bottom.

Technical Signals
18 Aug 2026
Crypto Daily
View Source
Bullish
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Bitcoin's price rebounded strongly to $64,500 after briefly dipping below a key bull market trendline. Technical patterns like a falling wedge breakout, a double bottom, and an inverse head and shoulders suggest this could be the bottom of the recent bear market. If support holds around $64,000, a bull flag pattern may form, potentially pushing prices toward $65,700. Indicators such as the Stochastic RSI and bullish divergence support the possibility of renewed upward momentum, signaling a transition to a new bull market phase.

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