BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD is stabilizing after a strong impulsive recovery from the $63,000–$64,000 demand zone. The rebound pushed price back toward the $68,000–$69,000 region, where momentum has started to slow and transition into short-term consolidation.
On the daily timeframe, the broader structure remains corrective following the sharp decline from the January highs. However, the recent higher low formation near $63,000 suggests that bearish momentum is weakening, with price now testing a key mid-range resistance zone.
Lower timeframes (M15/H1) show compression around $68,000, indicating a potential breakout setup.
Key Resistance Zone
Immediate resistance stands at:
- $68,500 – $69,000 (recent rejection & supply zone)
A confirmed breakout above $69,000 would expose:
- $70,500
- $72,000
- $75,000 (major structural resistance)
Failure to clear $69,000 may trigger renewed downside pressure.
Key Support Zone
Immediate support is located at:
- $67,000 – $66,500 (short-term consolidation base)
A breakdown below $66,500 would shift momentum lower toward:
- $65,000
- $63,000 (major recent swing low)
- $60,000 (psychological & structural support)
A daily close below $63,000 would invalidate the current recovery structure.
Expectations
Bullish Scenario (Primary)
As long as BTC holds above $66,500, the structure favors a potential upside breakout.
A move above $69,000 could accelerate momentum toward $70,500 and $72,000.
Bearish Scenario (Alternative)
If price fails to break $69,000 and drops below $66,500, expect selling pressure to resume toward $65,000 and possibly a retest of $63,000.
Outlook
Bitcoin is consolidating just below key resistance after a strong rebound. The market is at a decision point: a breakout above $69,000 would confirm bullish continuation, while a rejection and breakdown below $66,500 could reintroduce deeper corrective pressure.
