Bitcoin Bounces 1.64% to $63.6K, Traders Eye $64K Breakout

Bitcoin is recovering modestly around $63.6K after slipping below $64K on Fed rate-hike signals. The rebound follows an 11-day consolidation near $65K that stalled at the 61.8% Fibonacci retracement of $65.5K and failed at the $65,800-$67K resistance cluster. Earlier gains were driven by the US-Iran ceasefire and strong on-chain accumulation of 259,000 BTC in ten days, yet persistent ETF outflows and mixed momentum have kept the market range-bound. Traders now focus on reclaiming the $64K zone to avoid a deeper slide toward $60K.