After the sharp selloff earlier this year, BTC is currently attempting a recovery from the 67k region, which has been acting as a key support area.
Price recently swept below the range and quickly bounced, suggesting liquidity was taken below the lows. Now the market is pushing back toward the 67k–74k region, which remains an important structural level.
The main question now is whether BTC can reclaim higher resistance levels or if this move is just a relief bounce inside a larger correction.
Key levels to watch
Resistance
→ 74k – major structural level
→ 86k – main upside target if momentum continues
Support
→ 67k – critical weekly level
→ 60k – mid-range liquidity zone
→ 50k – deeper correction target if support fails
Market structure
The market is currently forming a short-term recovery structure, but the broader trend remains uncertain until key resistance levels are reclaimed.
Momentum indicators are still relatively weak on the higher timeframe, which suggests this could either develop into:
• a larger range formation, or
• a temporary relief rally before continuation lower
Possible scenarios
Bullish scenario:
- If BTC manages to reclaim and hold above 74k, the market could gain momentum toward:
→ 86k
→ potentially 100k+ later in the cycle
Bearish scenario:
- If BTC fails to hold the 67k level again, the market could rotate toward the next liquidity zones:
→ 60k
→ 50k region
Summary
For now the 67k–74k range is the key area deciding the next larger move.
• Reclaim 74k → bullish continuation
• Lose 67k → deeper correction likely.
Price recently swept below the range and quickly bounced, suggesting liquidity was taken below the lows. Now the market is pushing back toward the 67k–74k region, which remains an important structural level.
The main question now is whether BTC can reclaim higher resistance levels or if this move is just a relief bounce inside a larger correction.
Key levels to watch
Resistance
→ 74k – major structural level
→ 86k – main upside target if momentum continues
Support
→ 67k – critical weekly level
→ 60k – mid-range liquidity zone
→ 50k – deeper correction target if support fails
Market structure
The market is currently forming a short-term recovery structure, but the broader trend remains uncertain until key resistance levels are reclaimed.
Momentum indicators are still relatively weak on the higher timeframe, which suggests this could either develop into:
• a larger range formation, or
• a temporary relief rally before continuation lower
Possible scenarios
Bullish scenario:
- If BTC manages to reclaim and hold above 74k, the market could gain momentum toward:
→ 86k
→ potentially 100k+ later in the cycle
Bearish scenario:
- If BTC fails to hold the 67k level again, the market could rotate toward the next liquidity zones:
→ 60k
→ 50k region
Summary
For now the 67k–74k range is the key area deciding the next larger move.
• Reclaim 74k → bullish continuation
• Lose 67k → deeper correction likely.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.