Bitcoin (BTC) Price Prediction: $65.6K Liquidity Sweep Could Decide Whether BTC Retests $60K or Breaks Higher

While short-term technical indicators suggest buyers are attempting to regain momentum, traders remain cautious as mixed signals across market structure, momentum indicators, and on-chain data point to a pivotal phase for Bitcoin’s upcoming market bias.

At the time of writing, the Bitcoin price today is hovering near $64,500, placing BTC between significant resistance overhead and important support levels below. Market participants are now debating whether Bitcoin can extend its recovery toward the upper $60,000 region or revisit the psychological $60,000 support before establishing a stronger trend.

Several market analysts have identified $65,600 as one of the most important short-term price levels for BTC.

Quantitative trader KillaXBT said Bitcoin is currently testing the weekly opening level around $63,700, warning that failure to defend this area could produce a lower high before another move toward $60,000.

Quantitative trader KillaXBT says Bitcoin is testing the weekly open near $63.7K, warning that failure to hold this level could lead to a lower high and a decline toward $60K. Source: @cryptoquant_com via X

According to the trader, liquidity has accumulated above $64,800, increasing the probability of a move toward $65,600 before any meaningful reversal develops.

“There’s liquidity above $64.8K. A sweep toward $65.6K remains possible,” KillaXBT wrote, while adding that any short positions near $65,000 should be approached cautiously and with small position sizing.

The analyst also described the current environment as potentially representing the later stages of the 2026 bear market, emphasizing disciplined risk management rather than aggressive directional trades.

Analyst DeepanshuBTC says Bitcoin faces resistance at $64.7K, with a liquidity cluster near $65.6K that could trigger a brief fake breakout before reversing. Source: @DeepanshuBTC via X

A similar view was shared by market analyst DeepanshuBTC, whose four-hour TradingView chart shows Bitcoin repeatedly testing resistance around $64,700 while highlighting another concentration of liquidity near $65,600.

According to the analysis, previous price action suggests BTC could briefly break above resistance to trigger stop orders before reversing, making trader reaction around this liquidity zone especially important.

While short-term traders focus on resistance levels, on-chain analytics platform CryptoQuant believes the broader market structure is gradually improving.

The firm’s latest analysis describes the current cycle as a “transfer of pain,” where losses previously absorbed by short-term holders are increasingly shifting toward long-term investors capable of absorbing supply at lower prices.

CryptoQuant says Bitcoin may be bottoming as stronger hands absorb supply from short-term holders. Source: @cryptoquant_com via X

CryptoQuant’s adjusted Net Unrealized Profit/Loss (aNUPL) charts show Bitcoin declining from highs near $120,000 in late 2025 to roughly $60,000 during 2026. Despite lower prices, short-term holder profitability has become progressively less negative during successive declines.

According to the firm, this behavior suggests selling pressure is gradually being absorbed by stronger market participants rather than triggering widespread capitulation.

However, CryptoQuant noted that confirmation of a durable market bottom would require short-term holder aNUPL to return toward neutral territory, alongside stabilization in long-term holder profitability.

The medium-term technical outlook remains constructive according to Elliott Wave analysis.

Following the June 25 low, Bitcoin completed a five-wave advance that culminated near $64,735 before entering a corrective expanded flat pattern. Price has since moved above the previous wave (a) high, confirming continuation of the current bullish sequence.

Elliott Wave analysis suggests Bitcoin has established a bullish short-term trend following its June 25, 2026 low. Source: Elliottwave-Forecast on TradingView

Based on Fibonacci extension measurements, wave (c) projects an upside target between $68,200 and $72,700, provided Bitcoin maintains support above the key pivot at $57,576.

Under this scenario, corrective pullbacks are expected to remain limited, with buyers potentially stepping in during three- or seven-swing retracements while the broader bullish structure remains intact.

The latest Bitcoin price prediction based on TradingView technical indicators paints a balanced picture, reflecting consolidation rather than a decisive trend.

The platform’s overall summary currently registers Neutral, with 10 Buy, 8 Neutral, and 8 Sell signals across major indicators.

Momentum oscillators remain mixed:

• RSI (14): 54 — Neutral
• MACD (12,26): Buy (28) — Bullish momentum signal
• Stochastic %K: 85 — Near overbought conditions
• CCI (20): 105 — Neutral
• Williams %R: -11 — Sell
• Bull Bear Power: 2,752 — Sell
• ADX (14): 24 — Weak trend strength

Moving averages present a split outlook.

Bitcoin (BTC) price chart. Source: Bitcoin price via Brave New Coin 

Short-term averages continue supporting buyers, with the 10-day EMA at approximately $63,541, 20-day EMA near $63,203, and 30-day moving averages all generating buy signals. The Hull Moving Average (9) around $64,053 also remains positive.

Longer-term trend indicators, however, continue reflecting broader market weakness. Bitcoin remains below the 50-day EMA near $65,084, 100-day EMA around $68,464, and both the 200-day EMA and SMA, which remain above $73,000.

The Ichimoku Base Line around $61,645 continues acting as an important dynamic support level.

From a technical perspective, Bitcoin remains trapped between nearby resistance and established support.

The primary pivot point sits around $63,515, while immediate resistance begins near $65,000, followed by the first major resistance zone around $69,000.

On the downside, analysts continue monitoring the $62,000-$63,000 region as the first support area. A sustained break below this zone could expose the previously identified liquidity pocket around $61,000, with $60,000 remaining the next major psychological support.

Conversely, a successful breakout above $65,600 could strengthen bullish momentum and increase the probability of a move toward the Elliott Wave target near $68,200, where stronger selling pressure may emerge.

For now, the BTC price remains in consolidation, with technical indicators and on-chain metrics suggesting that the next move will likely depend on whether buyers can absorb overhead liquidity or whether resistance once again pushes the price of Bitcoin back toward lower support levels.