According to CoinMeta, the price of Bitcoin was close to $63,000 on August 16, 2026, and due to sellers rejecting attempts to break through $64,000 again, the short-term trend favors the sellers. Coinbase data shows that Bitcoin approached $62,973 during Sunday's trading, with a 24-hour trading volume of about $8.57 billion and a market capitalization of nearly $1.26 trillion. Analysts point out that the current price structure provides clear support and resistance levels, and if Bitcoin remains below $64,000, it may exacerbate bearish sentiment.