Bitcoin Targets New All-Time Highs as Price Nears $64K — Key Levels to Watch

Bitcoin is on the verge of a major breakout, with analysts eyeing $63,000 as the critical level BTC needs to clear for a push toward new all-time highs.

According to popular trader HornHairs, a daily close above $63,000 could pave the way for Bitcoin to reclaim momentum and make a run toward its previous record highs. With BTC up nearly 8% over the past week, momentum is building as the market reacts positively to recent macroeconomic events.

BTC’s next hurdle lies at $63,000, a key resistance that has kept the market range-bound for months. A breakout and hold above this level on high time frames (HTF), such as the daily chart, could be the catalyst for a major price surge, potentially toward the mid-$60K range and beyond.

Popular analyst HornHairs explains: “If we clear $63K and hold it, considering the high-time-frame context, we could make a real push toward new all-time highs.”

MS2 Capital also highlights the importance of the $64,000 zone, where the 200-day simple moving average (SMA) converges with high on-chain volume. This area is crucial for Bitcoin's short-term investors, as it marks a strong support level historically linked to bull market continuation.

Analyst Rekt Capital points out that Bitcoin is already making progress, breaking a downtrend that began in late July. BTC’s next big test is at $67,000, a breakout level that could trigger a powerful upward move.

Timing is crucial—Bitcoin has historically broken out of its “reaccumulation range” around 150-160 days after its block subsidy halving. With the current day count at 158, BTC could be primed for a major breakout soon.

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