Supply conditions were further supported by declining miner sales.
The Miners' Position Index dropped to -1.2389 as miners retained newly minted coins, according to data reported by analyst Crypto Patel.
Bitcoin's overall Supply in Profit rose from 46.2 percent to 57.5 percent over three weeks, according to CryptoQuant.
However, historical bear markets typically ended only after profit supply exceeded 64 percent.
Technically, Bitcoin defended key support near $63,824 while trading near $64,000 within an ascending channel.
The Relative Strength Index held at 50.85, showing neutral momentum while low funding rates reflected minimal market leverage.
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Cardano co-founder Charles Hoskinson warned that Bitcoin could lose its top market position if its governance fails to address quantum computing threats.
