Bitcoin may be showing a bearish pattern on lower time frames, but longer-term signals continue to favor the bulls, according to crypto analyst SuperBro.
In a post on X, the analyst said BTC is forming a potential bear flag on the daily chart. However, the setup is developing directly above the 200-week simple moving average (SMA), a level that has historically acted as major support during bull markets.
BTC Daily vs. Monthly Chart. Source: SuperBro (@SuperBitcoinBro)
The chart compares Bitcoin's daily and monthly structures. On the daily time frame, BTC appears to be consolidating within a rising channel after a sharp decline, creating what some traders interpret as a bear flag. A breakdown from the pattern could imply downside targets near $51,000 or even $47,000.
However, SuperBro argues that the bearish setup may be less reliable because it is forming during a retest of the 200-week SMA, a level that remains intact on the monthly chart. The analyst noted that previous bull market cycles often found support near this moving average before resuming higher.
The chart also highlights order book data showing significant bid support below current prices, while liquidation heatmaps indicate a concentration of short positions that could be vulnerable to a squeeze if Bitcoin moves higher.
According to SuperBro, these factors favor a bullish resolution despite the short-term weakness.
For now, traders are watching whether Bitcoin can continue holding above long-term support. A sustained defense of the 200-week SMA could strengthen the bullish case, while a breakdown below the level would increase the likelihood that the bear flag pattern plays out.
Bitcoin Needs to Reclaim $66K to Restart Recovery, Analyst Says
Bitcoin remains stuck below a key resistance level following the Federal Reserve's latest policy decision, according to crypto analyst CryptoWZRD.
In a post on X, the analyst said BTC closed the day slightly bearish but believes the next meaningful move will depend on whether buyers can reclaim $66,000. Until then, the market may remain directionless.
BTC/USD Daily Resistance Test. Source: CryptoWZRD (@CryptoWZRD_)
The daily BTC/USD chart shows Bitcoin trading near $62,960 after a sharp decline from the $72,000 region earlier this month. Price has since stabilized above the $60,000-$64,000 support area but remains below a broken trend line and key resistance levels.
According to CryptoWZRD, a move above $66,000 would likely signal renewed bullish momentum and open the door for a push toward higher resistance zones near $72,000 and beyond.
However, failure to reclaim that level could leave Bitcoin trapped in a period of choppy and unpredictable price action. The chart also highlights a potential long-term bottom area between roughly $45,000 and $48,000, although price remains well above that zone.
For now, traders are watching whether Bitcoin can recover above $66,000 and confirm a stronger rebound, or continue consolidating below resistance as the market digests post-FOMC volatility.
