Bitcoin price rebounds to $63,600, but can BTC break $65,500?

Bitcoin price recovered from the $62,700 area as buyers defended a key support zone, but ETF outflows, weak trend signals, and heavy overhead liquidity continue to limit the rebound. Summary Bitcoin price rose 1.2% to about $63,650 after finding buyers near $62,700. The 4-hour RSI climbed to 58.76, showing an improvement in short-term momentum. Nearly $390 million left US spot Bitcoin ETFs during the previous trading week. Liquidity clusters near $64,100 and $64,800 could shape Bitcoin’s next move. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) price traded near $63,650 on Aug. 17, up about 1.2% on the day after recovering from an intraday low of $62,751. The move followed several unsuccessful attempts by sellers to push BTC below the $62,500–$62,700 region. Bitcoin had fallen from above $65,000 earlier in August, leaving the market vulnerable to a deeper correction before buyers returned near monthly support. BTC reached an intraday high of $63,717 during the recovery. The bounce also moved the price above the $63,166 level, which marks the 78.6% Fibonacci retracement of the advance from $57,803 to $82,864. Holding above that retracement level keeps B...