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Bitcoin price rebounds above $63,600 but ETF outflows and resistance near $64,800 limit gains

Market News
17 Aug 2026
Crypto news
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Neutral
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Bitcoin price rose 1.2% to around $63,650 after buyers defended support near $62,700, showing short-term momentum improvement. However, nearly $390 million exited US spot Bitcoin ETFs last week, indicating cautious institutional demand. Key resistance and liquidity clusters near $64,100 and $64,800 could determine Bitcoin's next move, with a sustained break above $65,500 needed to confirm a stronger bullish trend. Meanwhile, geopolitical risks and high oil prices may add volatility and limit capital flow into risk assets like Bitcoin.

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