Bitcoin remains under short-term pressure after its rebound stalled below $64,600, leaving another decline toward immediate support in play. A broader chart suggests a final move into the $49,000-$59,000 zone could end the bear market before a highly speculative recovery toward $160,000-$180,000.
Bitcoin Nears Final Bear-Market Test as $180,000 Target Emerges
Bitcoin may face one final decline into the $49,000-$59,000 support zone before beginning a broader recovery, according to an analysis shared by trader Kaz. The projected path eventually targets a selling region between $160,000 and $180,000, although the outlook remains highly speculative.
BTC weekly chart. Source: Kaz/TradingView
The chart places Bitcoin near the upper boundary of its proposed bidding zone after a prolonged decline from its previous record high. Kaz expects price to consolidate inside this area and possibly form one more lower move before the broader bear-market phase ends.
Holding above roughly $49,300 would preserve the recovery scenario. Bitcoin would then need to establish a series of higher lows and reclaim major resistance before the projected expansion could gain credibility.
The first significant milestone would be a return toward the previous all-time-high region near $125,000. The chart suggests Bitcoin could briefly move above that level, pull back toward $100,000 and then begin another advance.
The final upside projection places BTC inside a broad $160,000-$180,000 selling zone. However, the target depends on several unconfirmed moves occurring over the next two years and should be treated as a possible scenario rather than a forecast.
A sustained breakdown below $49,300 would weaken the bottoming thesis and expose Bitcoin to a deeper correction. For now, the chart points to a potential late-stage bear market, but buyers still need to defend support and confirm a reversal.
Bitcoin Rebound Stalls Below $64,600 as Sellers Retake Control
Bitcoin’s relief rally has stalled below resistance near $64,600, keeping the short-term bearish setup intact. Analyst Crypto Tony said the rebound reached the expected area before sellers pushed BTC back toward $64,300.
BTC one-hour chart. Source: Crypto Tony/TradingView
The chart shows Bitcoin recovering from support near $63,800 after a sharp decline. However, buyers failed to reclaim the former breakdown area around $64,600, suggesting the move was corrective rather than the start of a stronger reversal.
Repeated rejection below that level could send BTC back toward $63,800. A confirmed break beneath support would expose the next downside region around $63,450 to $63,600.
Meanwhile, buyers must reclaim $64,600 and hold above it to weaken the bearish scenario. Such a move could reopen the path toward $65,000 and the recent local highs.
For now, Bitcoin remains trapped between $63,800 support and $64,600 resistance. Losing the lower boundary would favor another decline, while a breakout above resistance would invalidate the immediate short setup.
