Bitcoin Price Analysis: BTC’s Structure Remains Bearish Until This Key Level Is Reclaimed
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Bitcoin is recovering from a June sell-off but remains trapped below a major resistance cluster that has capped relief rallies; short-term momentum has improved but BTC still trades beneath the falling 100-day and 200-day moving averages. The crypto market stabilized after a rebound from the $58K-$61K demand zone, but a decisive break above $64K-$66.5K is required to confirm a trend reversal otherwise the move likely remains a corrective bounce within a broader bearish structure.
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Bitcoin continues to recover from its recent sell-off, but the market remains trapped beneath a major resistance cluster that has capped every relief rally since the June breakdown. While short-term momentum has improved, BTC is now approaching a decisive area where the next move could determine whether the recovery evolves into a larger trend reversal or remains a corrective bounce within a broader bearish structure.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, Bitcoin remains in a clear downtrend, trading below the 100-day and 200-day moving averages, both of which continue to slope lower. The recent recovery from the $58K-$61K demand zone has helped stabilize the price action, but the asset is still trading beneath the major resistance area between $64K and $66.5K.
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$ 64.22K
+0.11%
$ 0.0018
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In This News
Coins
$ 64.22K
+0.11%$ 0.0018
+1.49%Predictions Markets
See what traders are focused on
Share:
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Bitcoin Price Analysis: Has BTC Cleared the Danger Zone After $64K Surge?
