Bitcoin price rose toward $65.7K after breaking weekly and daily highs as whales defended the $60K–$61.5K zone.
Bitcoin price opened the new week with fresh buying pressure after breaking the previous weekly high and daily high.
The move pushed BTC toward the $65,700 area, where traders tracked a strong rebound from last week’s support range.
Market data shows that buyers defended the $60,000 to $61,500 zone during the recent pullback.
That area now stands as a key floor for the week, especially after whales completed a selling phase.
The rebound also came as exchange reserves remained low. Lower reserves often reduce near-term selling pressure because fewer coins sit on trading platforms.
Analysts now watch whether Bitcoin can hold the local trend above nearby support.
The next key zones include $64,800 on the downside and $66,000 to $68,500 as a higher-timeframe sell area.
Bitcoin Price Breaks Weekly and Daily Highs
Bitcoin price moved higher after clearing both the previous weekly high and the previous daily high.
That breakout gave the market a stronger start to the week and changed short-term trading conditions.
The move also raised attention around the previous weekly low near $60,800. Traders now see a higher chance that BTC holds that level through the week if buyers keep control.
$BTC pumps into a new week.
Bitcoin immediately broke the previous weekly high and previous daily high.
In terms of probabilities, this means there is a higher probability of holding the 60.8K PWL this week.
The best RR POI for longs this week is the one closest to the PWL,… pic.twitter.com/JrTCc04B7K
— Lennaert Snyder (@LennaertSnyder) June 15, 2026
The $62,000 area has become an important risk-reward zone for long positions.
It sits close to the previous weekly low and below internal range liquidity that has built for several sessions.
A move back toward $62,000 could still attract buyers if the broader structure remains intact.
However, traders continue to watch price reactions near that area rather than assuming support will hold.
Whale Selling Slows as Bitcoin Rebounds
CryptoQuant analyst Woo_Minkyu said whales have locked the $60,000 to $61,500 range as a firm floor.
The comment followed data showing a whale supply u-turn after recent selling activity.
That shift helped support the rebound toward $65,700. When large holders slow selling, the market often gets more room to recover if spot demand stays active.
Whales Complete Selling & Trigger $65.7K Rebound (Whale Supply U-Turn)
“Whales have locked in the $60,000–$61,500 range as a rock-solid floor. With exchange reserves depleted, the path of least resistance for Bitcoin is now firmly upward.” – By @Woo_Minkyu pic.twitter.com/BAEUq43phQ
— CryptoQuant.com (@cryptoquant_com) June 15, 2026
The report also pointed to depleted exchange reserves. With fewer coins available on exchanges, the market faces less direct sell-side supply during a rebound.
This does not remove volatility from Bitcoin price action. Still, it helps explain why BTC moved higher after holding the lower support range last week.
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Traders Watch $64,800, $66,000, and $68,500
CoinGecko data shows Bitcoin trading at $66,488.52 after gaining 3.9% in the last 24 hours. The move places BTC close to the upper end of its daily trading range.
Bitcoin’s 24-hour range stands between $63,984.04 and $67,217.47. This shows that buyers have held control through most of the session.
A breakout above $67,217.47 could support a move toward $68,000. However, failure to clear that level may trigger a short pullback toward $66,000 or $65,000.
The $64,800 level now stands as a key short-term support area. Traders are watching it because it aligns with the 50% body of the four-hour imbalance and a daily imbalance zone.
Holding $64,800 would keep the local and daily uptrend in place. A loss of that area could weaken short-term momentum and bring the $62,000 region back into view.
On the upside, the $66,000 to $68,500 zone remains a higher-timeframe sell area. Some traders may look for short setups there if Bitcoin reaches that range and gives a clear signal.
For now, Bitcoin price is up today because buyers reclaimed key highs, whales slowed selling, and exchange reserves stayed low.
The market’s next direction depends on whether BTC can hold support while testing higher resistance.