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Bitcoin Re-Tests the Demand Zone at $64,700: Here’s the Buy and Sell Map for This Week

Today, Bitcoin is trading in the range of $64,758, up slightly 0.60%, and it is sitting inside the demand zone that has been formed since early July. The daily chart shows a fairly clear structure to read: a higher low pattern that is being re-tested after a sharp correction from the last January peak. Below is the full map of buy, sell, stop loss, and take profit targets based on the chart structure, complemented by confirmation from the latest on-chain data.

Reading the Chart Structure

Since the peak around $95,000 in January, Bitcoin has undergone a sharp correction that formed a large supply zone between $88,000 and $95,000—an area that has never been re-tested since the price fell from it. After dipping deep, the price briefly recovered and formed an ascending channel into April–May, but was rejected again in the second supply zone around $72,000 to $78,000 in May, triggering a further sharp drop that broke the ascending channel structure.

Since early July, the price has started forming a consolidation base just above the key support level of $61,897, with a series of higher lows indicating that selling pressure is beginning to ease. The current demand zone is formed between $62,800 and $66,500, and the price is currently right in the middle of that zone—making this moment a crucial area for determining the direction of this week’s move.

Confirmation from On-Chain Data

Several recent on-chain signals also support the scenario that this demand zone has a good chance of holding. CryptoQuant data as of July 20 recorded net withdrawals of $686 million from three major exchanges—B***nce, C***base, and By**t—in a single day, with B***nce posting the largest net outflow in the last three months at $570 million. Historically, coins withdrawn from exchanges indicate a preference to hold rather than sell.

Another signal, just as important, comes from the Momentum Whale Inflow Ratio, an indicator that measures how much Bitcoin whales send to exchanges in case it’s likely to be sold. This indicator turned negative for the first time throughout 2026 after five straight months in positive territory, signaling that sell pressure from large holders is starting to fade.

Funding rate data as of July 25 also shows an interesting shift, moving into negative territory for the first time in the past one-month observation period. Negative funding means short traders are now paying a premium to long traders, indicating that short positions are beginning to dominate the futures market—a condition that historically often becomes fuel for potential short squeezes if price suddenly moves up.

That said, not all on-chain data is uniformly positive. The same report also notes that the market capitalization of short-term holders has weakened, suggesting that some traders with shorter horizons are starting to show signs of pressure—an important reminder that this recovery is not yet fully solid across all market layers.

Buy and Sell Areas for This Week

Based on the combination of the chart structure and the on-chain confirmations above, here is the map of areas to watch throughout this week.

Buy Zone: $62,800 to $66,500.
This is the active demand zone currently being tested. The ideal scenario is staged entry in this area with additional confirmation—such as candle rejection or rising buy volume—rather than going all-in at once at a single price.

Stop Loss: below $61,600.
This level is placed just outside the key support structure at $61,897 already recorded on the chart. A convincing breakdown below this level invalidates the short-term bullish scenario and opens risk for further downside.

Take Profit 1: $72,000 to $78,000.
This is the supply zone that previously rejected price increases back in May—the first realistic area to lock in partial profits.

Take Profit 2: $88,000 to $95,000.
The major supply zone that has never been re-tested since the start of the year—an even more ambitious target for positions held longer if bullish momentum truly continues.

Failed Scenario: If the price closes daily convincingly below $61,600, the potential for further downside opens toward the $58,000 area—an area that lines up with the average movement over two hundred weeks, a structural long-term defense line for Bitcoin.

Conclusion for This Week

The combination of the chart structure currently re-testing the demand zone, plus several on-chain signals suggesting that whale sell pressure is starting to ease and that short positions are dominating the funding rate, gives slight edge to the short-term bullish scenario. However, it’s important to remember: this demand zone will only be truly valid if price manages to hold above it with convincing volume—not merely bouncing once before getting pressured again.

For those considering positions in this area, discipline around the stop loss level matters far more than chasing take profit targets as fast as possible, given the data on short-term holders still showing signs of pressure—indicating that high volatility is still very likely to occur over the next few days.

This analysis is prepared based on the chart structure and on-chain data available at the time the article was written, and is not financial advice. Always adjust position size and risk tolerance to each person’s conditions before making any trading decision.

The previous analysis still applies if the following data supports the opposite.