Bitcoin is holding above its 200-week SMA, but traders still need a cleaner signal before calling the next major move.
SuperBro says BTC’s structure resembles the 2015 bottom, while EliZ says confirmation depends on either reclaiming $64,000 or sweeping lower support near $61,650.
Bitcoin Holds 200-Week SMA as Analyst Compares Setup to 2015 Bottom
Bitcoin is holding above a key long-term support level, a setup crypto analyst SuperBro says closely resembles the 2015 market bottom.
In a post on X, the analyst said BTC is trading about 5 percent above its February low while remaining above the 200-week simple moving average, or SMA. The brief move below the first-quarter low was shallow, which SuperBro said looks similar to the 2015 bottom structure.
BTC/USD Weekly Bottom Signals. Source: SuperBro (@SuperBitcoinBro)
The chart highlights several signals the analyst sees as potential bottom indicators, including a bullish weekly 10/20 SMA cross, a Stochastic RSI spike above 99, an RSI recovery from below 30 to above 45 and six straight weekly higher lows.
SuperBro said the latest low swept less than 2 percent below the prior bottom signal, compared with a similar shallow sweep in 2015.
For now, BTC’s ability to stay above the 200-week SMA remains the key level to watch. A sustained hold could support the bottoming case, while a break below it would weaken the bullish setup.
Bitcoin Waits for Confirmation as Traders Watch Key Levels
Bitcoin remains stuck between support and resistance, leaving traders without a clear directional signal. One analyst says patience may be the best strategy until BTC either reclaims a key level or sweeps lower liquidity and rebounds.
BTC/USDT 2-Hour Key Support and Resistance Zones. Source: EliZ (@eliz883)
Bitcoin is trading in a neutral zone where neither bulls nor bears have gained a decisive advantage, according to crypto analyst EliZ.
In a post on X, the analyst said the current BTC setup resembles Ethereum's market structure and does not offer a high-probability trading opportunity. Instead, the focus remains on waiting for confirmation before entering a position.
The two-hour BTC/USDT chart highlights a key resistance zone around $63,800-$64,000 and a lower support area near $61,650. According to EliZ, the bullish scenario would involve Bitcoin reclaiming the upper resistance zone and successfully turning it into support, opening the door to a move toward higher price levels.
Alternatively, the analyst is watching for a controlled decline into the lower support area. A liquidity sweep followed by absorption of selling pressure and a rebound could provide a stronger bullish setup.
For now, Bitcoin remains between major levels, and EliZ argues that traders should focus on selectivity rather than forcing trades while the market lacks clear confirmation.
