Bitcoin is stuck between a bearish liquidity-sweep setup and a bullish breakout attempt above $63,000. If BTC holds above this zone, $65,700 becomes the next major test, but failure here could send the price back toward $60,000-$61,000.
Bitcoin’s $63.2K Liquidity Sweep Raises Pullback Risk
Bitcoin has cleared the $63,200 liquidity zone, but one analyst says the move could turn into a short-term rejection. If BTC fails to hold above this area, the next pullback could target $60,000-$61,000.
BTC price action chart. Source: Kaz on X, TradingView
The chart shows BTC pushing into the $63,250 area after sweeping upside liquidity above the previous range high.
According to Kaz, this was the level he was watching for a potential short setup. He said price cleared the $63,200 liquidity earlier than expected, but the broader idea remains the same.
The analyst now expects some choppy price action around the current resistance zone before a possible move lower. The chart marks this area as a bearish pivot point, with a projected drop toward lower support.
Kaz said he entered a short near $63,300 and is targeting the $60,000-$61,000 area. That zone would mark the first major downside target if sellers take control after the liquidity sweep.
He also noted that BTC could still push slightly higher toward $63,700 before reversing, although he sees that as less likely.
For now, the $63,200-$63,700 area is the key resistance zone to watch. If Bitcoin fails to hold above it, the chart suggests the latest rally could turn into a pullback toward $60,000-$61,000.
Bitcoin Bulls Face Their Next Big Test at $65.7K
Bitcoin is pressing into the $63,000 resistance area, and one analyst says a confirmed breakout could open the door to $65,700. That level may decide whether the short-term rally turns into a larger bullish move or another rejection.
BTC/USD 4-hour chart. Source: CryptoFrog on X, TradingView
The chart shows BTC rallying into a major resistance zone near $63,000 after recovering from its recent lows.
According to CryptoFrog, price looks like it is trying to push through that level. A clean breakout above $63,000 would be a strong short-term signal for bulls.
If that breakout confirms, the next major level to watch is $65,700. The analyst described that area as a macro resistance level and said it could become the key signal for the longer-term direction.
A weekly close above $65,700 would strengthen the bullish case and suggest buyers are taking control beyond the short-term chart.
However, the setup still carries rejection risk. If BTC fails at $65,700, the level could become another area where sellers step in and short positions become more attractive.
For now, the $63,000 breakout attempt is the first test. If bulls clear it, attention shifts quickly to $65,700 as the bigger decision level.
