BTCUSD | Technical Outlook
Market Structure
BTCUSD is attempting a short-term recovery after an extended bearish phase on the higher timeframes. While the daily and H4 structures remain broadly bearish, price is currently rebounding from the $65,000 – $67,000 demand zone and pushing back above $68,000.
The move appears corrective within a broader downtrend unless BTC can reclaim key resistance levels and shift the medium-term structure.
Key Resistance Zone
The nearest resistance stands at $68,500 – $69,500, where previous breakdown structure and short-term supply are located.
Additional resistance levels:
- $71,000
- $73,000 – $74,000 (major H4 resistance and prior consolidation zone)
As long as Bitcoin trades below $71,000, the broader bearish structure remains intact.
Key Support Zone
Immediate support lies at $67,000 – $67,500, which is now acting as short-term intraday demand.
Below that, key downside levels to monitor:
- $65,000
- $63,000 – $64,000 (major daily support and recent swing low zone)
A break below $63,000 would signal renewed bearish continuation.
Expectations
Bearish Scenario (Primary)
If BTC fails to break and hold above $69,500, sellers may re-enter the market.
A move below $67,000 would likely expose $65,000 first, followed by $63,000.
Failure to hold $63,000 could accelerate the broader downtrend.
Bullish Scenario (Alternative)
A sustained break above $69,500 would open the door toward $71,000.
A daily close above $71,000 would be the first meaningful sign of structural stabilization, exposing:
- $73,000
- $74,000
Reclaiming $74,000 would significantly weaken the current bearish bias.
Outlook
Bitcoin remains under medium-term bearish pressure despite the current rebound. The recovery is constructive on lower timeframes, but the broader trend remains fragile unless BTC reclaims levels above $71,000. A rejection below resistance could quickly shift momentum back in favor of sellers.
