Bitcoin has extended its recovery from recent lows and is now testing an important resistance region. While short-term momentum has improved, the asset is approaching an area that could determine whether the current rebound evolves into a larger breakout or another rejection within the broader consolidation.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, Bitcoin continues to trade within its well-defined consolidation range. The recent rebound has carried the price back toward the major resistance zone at $66.2K to $66.8K, while the broader support remains at $57.8K to $60.2K.
Although buyers have regained short-term momentum, BTC is still trading beneath the declining 100-day and 200-day moving averages, which continue to reinforce the broader bearish structure. The descending long-term trendline also remains intact, adding further confluence around the overhead resistance.
For now, the market continues to favor range-bound conditions. A confirmed breakout above the $66.2K to $66.8K resistance would be the first signal that buyers are regaining control and could pave the way toward the next resistance around $72K to $74K. Until then, the current move appears to be another recovery leg inside the broader consolidation.
BTC/USDT 4-Hour Chart
The 4-hour chart shows that buyers have staged a strong recovery from the $61.8K to $62.3K demand zone, pushing Bitcoin back into the immediate resistance area around $64.8K to $65.4K.
This resistance has already rejected the price several times over the past two weeks, making it the key short-term barrier. A successful breakout above the $64.8K to $65.4K region would likely open the door for another rally toward the daily resistance around $66.2K to $66.8K.
However, failure to overcome this supply zone could trigger another rejection back toward the buyers’ defense at $61.8K-$62.3K, keeping BTC trapped within its broader consolidation range.
Sentiment Analysis
The latest two-week liquidation heatmap highlights a significant concentration of short liquidation liquidity above the current price, particularly around the $66K region. As Bitcoin continues pressing higher, this cluster becomes an attractive magnet for price, increasing the probability of an upward liquidity sweep.
If buyers manage to push through the nearby resistance, the liquidation of overleveraged short positions could trigger a short squeeze, accelerating bullish momentum toward higher resistance levels.
While a liquidation cluster also exists below the current market, it primarily reflects aggressive long positioning. For now, the more considerable and more attractive liquidity target remains overhead, favoring an upside sweep if buyers can maintain control.
게시물 Bitcoin Price Analysis: BTC Battles Key $65K Barrier as Short Liquidation Cluster Builds 에 처음 등장 크립토포테이토.

















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