Bitcoin remains under short-term pressure after slipping below $64,100, with traders watching $64,500 resistance and $63,300 support for the next move. On the broader daily chart, BTC still needs a clean break above $67,000 to revive upside momentum, while the $60,000 range low remains the key bullish invalidation level.
Bitcoin Turns Bearish Below $64.1K as $63.3K Support Comes Into Focus
Bitcoin’s short-term structure has weakened after price recorded a four-hour close below the $64,100 area, according to a chart shared by Kaz. The setup now centers on whether BTC retests resistance near $64,500 before extending lower toward the $63,300 support zone.
Bitcoin 4-Hour Chart. Source: Kaz (@XBTkaz) on X
The chart presents a bearish lower-time-frame setup following BTC’s breakdown beneath $64,100. Price fell sharply from above $65,000 and moved toward $64,000, shifting the immediate structure in favor of sellers.
Kaz identifies roughly $64,500, marked near $64,540 on the chart, as the first important retest level. Bitcoin could rebound into this area after the initial sell-off, but a rejection there would keep the bearish structure intact and strengthen the case for another move lower.
The main downside area sits around $63,300, inside a broader support zone extending roughly from the upper-$62,000s to the low-$63,000s. The chart treats this region as a potential target for short positions and, importantly, an area where buyers could begin responding. That makes $63,300 more than a bearish target; it could also become the level that determines whether BTC stabilizes after the decline.
The projected path therefore involves two separate stages. First, Bitcoin could retest $64,500 and fail to reclaim it, confirming resistance. From there, continued selling could pull BTC toward $63,300, where the chart anticipates a possible reversal or relief bounce.
If buyers defend that lower demand zone, the recovery target highlighted on the chart sits around the $65,000 order-block area. However, that rebound remains conditional on support holding and price showing clear evidence of renewed buying pressure.
For now, $64,500 is the key resistance level and $63,300 is the main downside target. A convincing reclaim above the retest area would weaken the immediate bearish scenario, while rejection there would leave sellers in control and keep the lower support zone in focus.
Bitcoin Needs $67K Breakout to Unlock Upside Momentum
Bitcoin remains trapped below a resistance area that has capped several recent recovery attempts. Daan Crypto Trades’ daily BTC chart highlights $67,000 as the level bulls need to reclaim, while the broader high-time-frame range low near $60,000 remains the critical downside boundary.
Bitcoin Daily Chart. Source: Daan Crypto Trades (@DaanCrypto) on X
Bitcoin was trading around $63,900 on the chart after recovering from its late-June drop below $60,000 but failing to establish a sustained move above the mid-$60,000s. The recent price action leaves BTC between two clearly defined levels, with neither bulls nor bears yet securing control of the broader range.
The most important upside level is around $67,000. Daan notes that this area marked both the June and July highs, making it a repeated resistance zone rather than an isolated price level. The chart similarly marks a break above this region as a potential “sign of strength.”
A daily move above $67,000, followed by price holding above the breakout area, would strengthen the recovery scenario and suggest buyers are gaining momentum. Even then, Bitcoin would face additional overhead resistance. The chart places the daily 200-day moving average near $70,010 and the 200-day exponential moving average around $72,191, giving bulls further hurdles if the breakout develops.
On the downside, the key high-time-frame level sits close to $60,000, with the chart marking the range low around $59,918. Bitcoin has already reacted from this area, showing why it remains an important support zone.
A return toward $60,000 would therefore put the current relief-bounce structure under pressure. More importantly, a decisive breakdown beneath the range low would weaken the bullish recovery thesis and raise the risk of a deeper decline.
For now, Bitcoin remains in the middle of its broader range. A confirmed break above $67,000 would provide the clearest sign of renewed upside strength, while losing $60,000 would invalidate much of the current recovery setup.
