Bitcoin price reclaims $64K as volatility trap hits 91

Bitcoin price rose nearly 2% to reclaim $64,000 on Aug. 17, but weak daily momentum and unusually compressed volatility leave the next major move uncertain. Summary Bitcoin price rebounded from $62,751 to an intraday high of $64,227. Glassnode’s volatility trap score reached 91, its highest level in more than 3.5 years. BTSE’s Jeff Mei said ETF flows and Federal Reserve signals remain key to a sustained recovery. Liquidation clusters near $64,700 and $62,200 could shape Bitcoin’s next move. Bitcoin price returns above $64,000 According to data from crypto.news, Bitcoin (BTC) price traded near $64,154 at press time after gaining about 2% during the daily session. The recovery followed an intraday low of $62,751 and carried BTC above the 78.6% Fibonacci retracement level at $63,152. The rebound also erased part of the decline recorded over the previous week, when Bitcoin repeatedly tested support between $62,500 and $63,000. Buyers defended that area again on Aug. 17, helping the price reach a session high of $64,227. Jeff Mei, chief operating officer at crypto exchange BTSE, told crypto.news that recent exchange-traded fund flows contributed to the earlier weakness in Bitcoin and Et...