Bitcoin Price Analysis: Is BTC Ready for Another Leg Higher Next Week?
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Bitcoin staged a rebound after sweeping liquidity beneath the June lows but now approaches a critical resistance cluster while trading below the downward-sloping 100-day and 200-day moving averages. Having lost the $72K–$74K support zone in June which has flipped into a major supply area, the broader structure remains bearish and BTC must reclaim those resistance levels to materially improve the crypto market outlook.
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Bitcoin has staged a notable rebound after sweeping liquidity beneath the June lows, but the recovery is now approaching a critical resistance cluster. While momentum has improved in the short term, the broader structure remains bearish until BTC reclaims several major resistance levels overhead.
Bitcoin Price Analysis: The Daily Chart
The daily timeframe shows Bitcoin continuing to trade below its key moving averages, with both the 100-day and 200-day moving averages sloping lower and acting as dynamic resistance. The market remains structurally bearish after losing the $72K-$74K support zone in June, which has now flipped into a major supply area.
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Coins
$ 63.80K
+1.03%
$ 0.0018
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In This News
Coins
$ 63.80K
+1.03%$ 0.0018
Predictions Markets
See what traders are focused on
Share:
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