Bitcoin (BTC) is testing whether its weekend rebound can survive resistance after TradingView analysts said the move still looks like a failed recovery.
Key Points:
- Bitcoin remains below resistance after a recent technical breakdown.
- Analysts are watching the $63,600 to $65,000 zone for signs of rejection.
- A close above resistance would weaken the bearish setup, but failure could reopen lower targets.
Bitcoin Resistance
Several TradingView analysts still see Bitcoin’s bounce as a retest, not a confirmed reversal, after the token failed to reclaim key technical levels.
SHAY_ANALYTICS said Bitcoin had confirmed a bearish breakdown from a multi-month symmetrical triangle, with price still below the former support area and the Ichimoku cloud. That structure keeps the downside bias in place unless buyers reclaim the broken range with stronger momentum.
The analyst placed immediate resistance near $73,200 and major resistance near $75,600, while downside targets sit at $54,000 and $47,500. The setup matters because former support often becomes resistance after a breakdown.
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Bitcoin Analysts
Milad_sangari focused on the shorter-term BTCUSDT chart, saying Bitcoin had broken below an ascending parallel channel on the one-hour timeframe and was retesting former channel support as resistance.
The analyst marked $63,600 to $63,980 as the rejection zone, partly because it aligns with key Fibonacci retracement levels. That band now helps traders judge whether the rebound is healthy or only a failed retest.
DomicChaina gave a similar reading on the four-hour chart, saying Bitcoin’s move around $63,500 remains under an EMA cluster near $64,050 to $64,970. In that view, $64,000 to $65,000 remains the ceiling unless buyers follow through.
The bearish case is conditional, not fixed. If Bitcoin breaks above the resistance band and holds it, short sellers would have to reassess, but another rejection could push traders back toward lower support levels. Bitcoin’s latest test follows a broader pattern of weak rebounds after technical breakdowns. In recent sessions, the market has bounced from lower levels, but buyers have not yet turned that recovery into a clear reclaim.
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