Bitcoin, Technical Analysis – H4
Bitcoin continues to trade under pressure in a volatile environment shaped by conflicting corporate selling signals and optimistic political rumors. Despite sharp intraday swings, the broader technical structure remains bearish.
Yesterday, Bitcoin experienced two distinct volatility spikes: a negative wave triggered by Strategy’s report on massive corporate Bitcoin sales, followed by a positive wave fueled by rumors of potential BTC inclusion in “Trump accounts.” Despite the sharp price reactions, the overall structure retained its bearish character, indicating the likely formation of a new sell-off wave that could precede final market capitulation.
Key Levels:
□ $66,000 (key resistance for recovery)
□ $64,000 (immediate support)
□ $62,000–$61,000 (next downside targets)
Primary Scenario:
Pullback to $64,000, followed by a decline toward $62,000, with a possible extension to $61,000.
Alternative Scenario:
Continued consolidation within the $63,000–$64,000 range.
Analyst Commentary:
Bitcoin remains under pressure and has yet to show signs of a healthy recovery. A convincing consolidation above $66,000 is required to shift the current bearish bias.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.