Bitcoin is trading near $64,000 after losing roughly half its value from the October 2025 peak, leaving the market caught between long-term accumulation signals and a still-fragile short-term trend. BTC recently traded around $64,185, with intraday movement holding between the low-$63,000 area and resistance near $64,500 to $65,000. The price zone follows a sharp correction from last year’s record high above $126,000, a decline that has pushed Bitcoin into the kind of drawdown territory usually associated with late-cycle stress rather than a normal pullback.