Bitcoin Price Tests $64K After Hawkish Fed Signal

Key Insights:

• Bitcoin price is testing $64K support after the FOMC-driven selloff.
• Spot order size shows early whale accumulation near current levels.
• A $64K hold could keep $67K to $69K targets alive.

Bitcoin price hovered near $64,221 after fresh selling followed the June FOMC meeting. The move placed BTC back near the $64,000 support zone, which traders now see as the main short-term pivot.

A clean defense could steady sentiment after the latest macro shock. A weak close below it could expose the $63,173 Fibonacci area.

The pressure came after Federal Reserve Chair Kevin Warsh signaled a stricter policy path. Rates stayed unchanged, but the tone reduced hopes for easier liquidity. That matters for crypto because tighter policy often weighs on risk assets. Bitcoin felt that shift quickly as leveraged traders exited crowded long positions.

Market data shows BTC traded between $63,666 and $66,316 during the last 24 hours. Volume also rose, showing active positioning around the support zone. That makes the next daily close especially important for traders.`

Bitcoin Price Finds Support from Spot Accumulation Data

A positive signal emerged from the Bitcoin spot average order size. CryptoQuant commentary noted larger orders appearing near current levels. That pattern can reflect whale accumulation when selling pressure starts to fade. It does not confirm a reversal on its own, but it changes the tone.

Bitcoin spot average order size | Source: CryptoQuant

Large buyers often step in when the price reaches visible support. In this case, the $64,000 area has become the key level. Spot demand near that zone could absorb forced selling from derivatives markets. That would help Bitcoin price avoid a faster move toward $61,000.

The latest structure also shows why traders remain cautious. The market still needs follow-through above nearby resistance. Without that move, support buying may only create a narrow range. The first resistance sits around $65,800, where sellers recently regained control.

BTC support also looks cleaner after the leverage flush. More than $109 million in BTC positions were liquidated during the decline. Long positions absorbed most of that damage, adding pressure during the drop. That washout can reduce excess leverage if spot buyers remain active.

BTC Support Holds the Path Toward $67K to $69K

Analyst Ali Charts says the $64,000 level remains the area to watch. A hold could put $69,000 back into focus. TedPillows also pointed to $67,000-$68,000 as the next rally zone. Both views align with the current chart structure.

Bitcoin price 1-hour chart analysis by Ali Charts | Source: X

The bullish case needs BTC to reclaim $65,800 first. A breakout above that zone could open room toward $67,100. Momentum above $67,100 would then improve the path toward $68,800 and $69,000. That move would suggest buyers regained control after the Fed shock.

The bearish case remains clear if BTC loses $64,000. A daily close below that zone could invite another test of $63,173. Deeper weakness may bring $61,000 to $62,000 back into play. That area marked the lower support range after the latest breakdown.

For now, the Bitcoin price sits between macro pressure and spot accumulation. This keeps the Bitcoin price outlook tied to one visible level. The Fed’s hawkish signal still limits risk appetite.

However, larger spot orders suggest that some buyers are taking advantage of the pullback. The next signal depends on whether $64,000 holds through the coming sessions.

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