Bitcoin Technical Analysis – H1

Bitcoin’s decline has paused near $63,750, yet the move does not appear exhausted. Key support at $62,300 sits almost $2,000 below the current price of $64,215 and remains the market’s primary downside magnet. The recent upward pullback shows characteristics of a local bearish flag — a classic continuation pattern that typically precedes further declines.

Key Levels:

□ Resistance / pullback zone: $64,500–$64,600

□ Recent low / pause zone: $63,750

□ Primary support / target: $62,300

Primary Scenario:

Pullback toward $64,500–$64,600, followed by a fresh decline targeting $62,300.

Alternative Scenario:

Immediate decline from current levels without a meaningful rebound.

Analyst Commentary:

Despite persistent selling pressure, Bitcoin is gradually shedding its “hysterical” behavior of collapsing on every stress event while completely ignoring key technical levels.