Bitcoin is nearing a key support zone after failing to hold above $65,500. A rebound from $63,600 could reopen the path toward $67,000, while a breakdown may send BTC toward $60,000-$61,000.
Bitcoin Moving Averages Near Bullish Shift as $67,000 Comes Into View
Bitcoin is trading above its main moving averages as the four-hour chart moves closer to a bullish alignment. A controlled pullback toward the average cluster could offer support before another attempt at the range highs near $67,000.
BTC four-hour chart. Source: Super฿ro/X
The 50-period moving average sits near $63,580, while the 100- and 200-period averages are grouped around $62,600-$62,800. This creates a broad support area where buyers may step in if Bitcoin pulls back from current levels.
The shorter averages are beginning to turn higher after months of bearish positioning. A bullish crossover would suggest short-term momentum is improving, but price must continue holding above the moving-average cluster for the signal to remain valid.
If Bitcoin rebounds from the $62,600-$63,600 area, the first test would come near $65,000. Clearing that level could open the way toward the upper end of the range around $67,000.
However, a firm move below the moving averages would delay the bullish alignment and weaken the recovery structure. Losing $62,000 would raise the risk of another decline toward the $60,000 area.
Bitcoin’s $65,500 Sweep Raises Risk of a Drop Toward $61,000
Bitcoin has cleared the liquidity near $65,500 but failed to hold the move, leaving late buyers vulnerable. The next test sits around $63,600, where buyers must step in to prevent a deeper reversal.
BTC intraday chart. Source: Kaz/X
The chart treats the push above $65,500 as a possible liquidity sweep rather than a confirmed breakout. Price has since moved back toward the former range high near $64,666, suggesting the upside momentum is already losing strength.
Heavy bids appear around $63,600-$64,000, so Bitcoin could pause or rebound from that zone. If support holds, BTC may make another attempt toward $66,000-$67,000 before sellers regain control.
However, several unswept liquidity levels remain below at $61,755, $61,455 and $61,251. A clean break below $63,600 would increase the chance of price moving through those levels and entering the broader $60,000-$61,000 demand zone.
The bearish setup would weaken if Bitcoin reclaims $65,500 and holds above it. Until then, the failed push above recent highs keeps the risk of a deeper pullback in place.
