Bitcoin is pressing against the stubborn $64,360 resistance level after several failed breakout attempts. A fresh bullish trend flip on the four-hour chart suggests momentum is improving, but buyers still need to prove they can hold the move.
Bitcoin Hits a Wall Again as $64,360 Resistance Refuses to Break
Bitcoin continues to struggle beneath a key resistance level that has repeatedly rejected bullish advances on the four-hour chart.
According to analyst Ali Charts, BTC is once again testing the $64,360 region, a level that has acted as a ceiling multiple times during recent price action.
BTC 4-Hour Chart. Source: Ali Charts (@alicharts)
The chart highlights several failed breakout attempts near $64,327-$64,360, marked by repeated reversals after price briefly approached the resistance zone. Each rejection has pushed Bitcoin lower, reinforcing the area's importance as a short-term barrier.
According to the analysis, a decisive close above this level could invalidate the repeated rejection pattern and open the door for a move toward the next resistance zones around $65,600 and potentially $67,200.
However, the bullish breakout remains unconfirmed. If buyers fail to absorb the supply concentrated near $64,360, Bitcoin could remain trapped within its recent range or face another pullback toward lower support levels.
For now, traders are watching whether Bitcoin can finally overcome the stubborn $64,360 resistance, or whether sellers will once again defend one of the market's most closely watched levels.
Bitcoin Flashes First Bullish Trend Flip Since $80K as Momentum Returns
Bitcoin could be entering the early stages of a recovery after registering its first four-hour trend reversal signal since the market traded above $80,000.
According to analyst Skew, the BTC perpetual futures 4-hour chart has shifted from bearish to bullish conditions, with the trend indicator turning positive and the chart adopting early uptrend coloring.
BTC Perpetual Contract 4-Hour Chart. Source: Skew (@52kskew)
The chart illustrates Bitcoin's prolonged decline from the $80,000 region, followed by a sharp sell-off into early June before price began stabilizing. The latest move higher has pushed BTC above the short-term trend ribbon, marking the first bullish flip on the four-hour timeframe since the broader downtrend began.
According to the analysis, the change in trend coloring suggests that buyers are regaining control of short-term momentum. If Bitcoin can maintain its position above the newly reclaimed trend indicators, the recovery could extend toward higher resistance levels.
However, the signal remains an early indication rather than confirmation of a full trend reversal. Bitcoin still trades below several higher-timeframe resistance levels, and failure to sustain the breakout could return the market to consolidation or renewed weakness.
For now, traders are watching whether this first 4-hour bullish trend flip since $80,000 develops into a broader recovery or proves to be another short-lived relief rally.
