{"id":31652,"date":"2026-08-18T14:26:06","date_gmt":"2026-08-18T13:26:06","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/08\/18\/bitcoin-selling-pressure-64000-support\/"},"modified":"2026-08-18T14:26:11","modified_gmt":"2026-08-18T13:26:11","slug":"bitcoin-selling-pressure-64000-support","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-selling-pressure-64000-support\/","title":{"rendered":"Bitcoin Under Selling Pressure: Can the Key $64,000 Support Hold?"},"content":{"rendered":"\n

Bitcoin<\/strong> is flashing weakness after multiple failed attempts to break through the $65,000<\/strong> mark. Trading around $64,200<\/strong>, the price is navigating a critical tension zone where on-chain data<\/strong>, institutional flows<\/strong>, and technical indicators<\/strong> are all pointing in the same direction: selling pressure<\/strong> is intensifying. The question is no longer whether a correction<\/strong> is possible, but how far it could go.<\/p>\n\n\n\n

Bitcoin at $64,200: A Technical Structure Under Strain<\/h2>\n\n\n\n

BTC<\/strong> is currently trading around $64,200<\/strong>, pinned below the major resistance<\/strong> level at $65,000<\/strong>. This level has acted as a firm technical ceiling that the price has failed to break through with any convincing breakout<\/strong>, producing a series of rejections that are undermining the short-term bullish structure.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

On the indicators side, the RSI<\/strong> is showing signs of exhaustion without yet reaching oversold territory, leaving room for a further retracement<\/strong>. The MACD<\/strong>, meanwhile, is printing a bearish crossover<\/strong> on the daily timeframe<\/strong>, confirming that bearish momentum<\/strong> is gradually gaining the upper hand over buyers.<\/p>\n\n\n\n

On-chain data<\/a><\/strong> reinforces this picture: exchange balances<\/strong> have risen, signaling that more BTC<\/strong> is being moved onto trading platforms<\/strong> \u2014 a classic indicator of imminent selling pressure<\/strong>. At the same time, miner reserves<\/strong> continue to shrink, suggesting these participants are liquidating a portion of their holdings.<\/p>\n\n\n\n

ETF Flows Dry Up: Institutional Demand Falls Away<\/h2>\n\n\n\n

One of the key catalysts behind the last Bitcoin rally<\/strong> was the massive influx of capital through spot Bitcoin ETFs<\/strong>. That engine now appears to be stalling: ETF flows<\/strong> have reversed, signaling a short-term pullback in institutional demand<\/strong>. Without this support, BTC<\/strong> loses one of its primary mechanisms for absorbing available supply.<\/p>\n\n\n\n

This combination \u2014 rising exchange balances<\/strong>, declining miner reserves<\/strong>, and negative ETF flows<\/strong> \u2014 forms a bearish trifecta that is rarely insignificant. It suggests that available supply in the market currently exceeds demand, which mechanically weighs on price and makes any breakout<\/strong> above $65,000<\/strong> increasingly difficult to sustain.<\/p>\n\n\n\n

For the dynamic to reverse, we would need to see a return of positive ETF inflows<\/strong> combined with a reduction in exchange balances<\/strong> \u2014 two conditions that are not yet in place at this stage.<\/p>\n\n\n\n

Scenarios: Bullish or Bearish \u2014 Where Is Bitcoin Headed?<\/h2>\n\n\n\n

Bullish scenario:<\/strong> If the support<\/strong> at $64,000<\/strong> holds and buyers regain control, a bounce toward the $65,000 resistance<\/strong> and then $66,500<\/strong> remains plausible. A decisive breakout<\/strong> above that level would reopen the path toward $68,000<\/strong>, with the ATH<\/strong> (all-time high) firmly in the crosshairs for the most optimistic bulls.<\/p>\n\n\n\n

Bearish scenario:<\/strong> A break below $64,000<\/strong> would quickly expose BTC<\/strong> to a retracement<\/a><\/strong> toward the $62,000<\/strong> zone, or even $60,000<\/strong> \u2014 a major psychological and technical support<\/strong> level. In that case, the correction<\/strong> could extend over several days before any structural bounce materializes.<\/p>\n\n\n\n

Market Verdict: $64,000 Is the Level to Watch Right Now<\/h2>\n\n\n\n

Bitcoin<\/strong> is at a decisive crossroads<\/strong>. The confluence of bearish signals<\/strong> \u2014 on-chain selling pressure<\/strong>, miners in distribution mode, and retreating institutional demand<\/strong> \u2014 demands maximum vigilance around the critical $64,000 support<\/strong>. This level concentrates the bulk of short-term risk.<\/p>\n\n\n\n

As long as price remains below $65,000<\/strong> without significant buying volume<\/strong>, the bias stays tilted to the downside. Traders will need to monitor ETF flows<\/strong> closely<\/a> over the coming sessions alongside shifts in on-chain balances<\/strong> to detect any potential reversal. Bitcoin’s next directional move will most likely be decided within this narrow range<\/strong> between $62,000<\/strong> and $66,500<\/strong>.<\/p>\n\n\n\n

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