Bitcoin price falls to $64,300 after $65K rejection, will support hold? 
Bitcoin price pulled back to about $64,300 on Aug. 19 after failing to hold above $65,000, as weak spot demand, rising bond yields, and resistance near $65,400 limited the rebound. According to data from cryptonews, Bitcoin (BTC) price was trading at about $64,390 on Binance on Wednesday afternoon in Asia, down roughly 0.5% on the daily candle. The price had reached an intraday high of $64,736 before sellers pushed it lower.
The retreat followed a rebound from the $62,700 area earlier in the week. Bitcoin moved through $64,000 and approached $65,000 on Aug. 18, but the rally did not attract enough buying pressure to clear the upper end of its recent range. Snyder said he was maintaining a short position opened near $65,000 but planned to move it to breakeven if possible. His downside scenario depends on Bitcoin losing $64,000, while another defense of the $62,500 range low would leave the market increasingly compressed.
Bitcoin has traded mostly between $62,500 and $65,400 since late July, aside from brief moves outside the range. Repeated reversals have reduced the value of entries near the middle, where neither buyers nor sellers have established control.
