📉 Bitcoin Fails At The $65K Wall Again
Third attempt, same result. Bitcoin pushed at $65,000, got turned away, and now sits at $64,764, down 0.25%. This level has rejected price three separate times now.
📉 Where it stands:
Price: ~$64,764 (down 0.25%)
The wall: $65,000, then $65,250 to $65,600
Support below: $64,647 then $64,037
Fear and Greed: still fear
Here's the on-chain reason this keeps happening, and it's the real story. Bitcoin trades below the short-term holder cost basis, the average price paid by everyone who bought within the last 155 days. That line sits at $67,523, with spot 3.8% beneath it. Those buyers are underwater, and as price climbs toward their breakeven, many sell just to escape flat. That builds a wall of supply between here and $67,500. One analyst notes BTC has closed below this line on 279 of the last 284 days, and expects selling to intensify as price nears it.
The counterweight is real though. Momentum still favors buyers, with RSI at 61.83 above its average and not yet overbought. And shorts got liquidated far harder than longs recently, $5.49 million versus $152,000 in a four-hour window. That imbalance is exactly what fuels squeezes.
What to watch:
Turn $65,000 into support and clear $65,600, and $66,000 then $67,500 open up.
Lose $64,037, and the range low comes back into play.
A third rejection at the same wall is the level doing its job, not a surprise. Let $65K break on a daily close, then act.
Fourth try finally cracks it, or holders keep selling every rally?
Not financial advice.
$BTC
$BNB
$ETH
Third attempt, same result. Bitcoin pushed at $65,000, got turned away, and now sits at $64,764, down 0.25%. This level has rejected price three separate times now.
📉 Where it stands:
Price: ~$64,764 (down 0.25%)
The wall: $65,000, then $65,250 to $65,600
Support below: $64,647 then $64,037
Fear and Greed: still fear
Here's the on-chain reason this keeps happening, and it's the real story. Bitcoin trades below the short-term holder cost basis, the average price paid by everyone who bought within the last 155 days. That line sits at $67,523, with spot 3.8% beneath it. Those buyers are underwater, and as price climbs toward their breakeven, many sell just to escape flat. That builds a wall of supply between here and $67,500. One analyst notes BTC has closed below this line on 279 of the last 284 days, and expects selling to intensify as price nears it.
The counterweight is real though. Momentum still favors buyers, with RSI at 61.83 above its average and not yet overbought. And shorts got liquidated far harder than longs recently, $5.49 million versus $152,000 in a four-hour window. That imbalance is exactly what fuels squeezes.
What to watch:
Turn $65,000 into support and clear $65,600, and $66,000 then $67,500 open up.
Lose $64,037, and the range low comes back into play.
A third rejection at the same wall is the level doing its job, not a surprise. Let $65K break on a daily close, then act.
Fourth try finally cracks it, or holders keep selling every rally?
Not financial advice.
$BTC
$BNB
$ETH