Bitcoin Tests $64K Retest After Wedge Breakout

Holding former resistance near $63,660–$64,100 would raise the odds of a move toward the upper $60,000s.

Overview

Bitcoin has broken above a multiweek wedge and is trading in the mid‑$64,000s, but the move needs the $63,660–$64,100 zone to hold on a retest to be credible.
Traders say a concentrated liquidity cluster around $65,600 could be swept to trigger stop orders and either propel a genuine breakout or produce a quick reversal.
On‑chain data from Santiment and CryptoQuant show larger wallets added roughly 11,000 BTC and that stronger hands are absorbing supply, which supports the view that a bottom may be forming.
Macro signals are mixed: a cooler consumer price reading has eased immediate rate pressure and helped sentiment, yet prior ETF redemptions and large exchange deposits remain a supply risk that could push price lower if flows resume.
Market participants should watch daily closes above about $64,100 for confirmation, monitor price reaction at $65,600 for signs of a sweep or rejection, and manage position size and stops because failure of the retest could reopen the $60,000 area.