Bitcoin · NewsBTC
Bitcoin Bears Eye Lower Levels As TradingView Analysts Flag Faltered Recovery
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Key facts
- DomicChaina offered a similar read on the four-hour structure, arguing that Bitcoin’s recovery around $63,500 remains below the EMA cluster around $64,050–$64,970
- That setup places immediate resistance around $73,200 and major resistance near $75,600, while downside targets sit at $54,000 and $47,500
- The rejection zone highlighted in that analysis sits around $63,600–$63,980, an area the analyst said also lines up with key Fibonacci retracement levels
- A failed move near $64,000–$65,000 would keep pressure on lower supports
Summary
Bitcoin’s weekend rebound is running into a familiar problem: several TradingView analysts are still treating the move as a retest rather than a confirmed reversal. Three TradingView ideas point to Bitcoin struggling beneath important resistance after a recent breakdown. SHAY_ANALYTICS says BTC remains bearish while it trades below the former triangle support and Ichimoku cloud. Milad_sangari flags a channel breakdown and retest near the $63,600–$63,980 resistance area.