Bitcoin Eyes Liquidity Above Recent Highs on 4H for CRYPTO:BTCUSD by CandleKing09
Bitcoin Approaches Major 4H Supply After Strong Recovery Bitcoin has staged a strong recovery from the recent lows near 62,800, with buyers aggressively pushing price back above the 64,200 structural level. The strength of this recovery shows a clear shift in short-term momentum after the previous bearish decline. Price is now approaching an important 4H supply and reversal zone around 65,200–65,500. This area closely aligns with the previous major highs where selling pressure initially …
Bitcoin Approaches Major 4H Supply After Strong RecoveryBitcoin has staged a strong recovery from the recent lows near 62,800, with buyers aggressively pushing price back above the 64,200 structural level. The strength of this recovery shows a clear shift in short-term momentum after the previous bearish decline. Price is now approaching an important 4H supply and reversal zone around 65,200–65,500. This area closely aligns with the previous major highs where selling pressure initially entered the market, making it a significant decision point for the current recovery. The highlighted zone could attract price before the next directional move develops. A push into or slightly above this region could test remaining liquidity before sellers attempt to regain control. Speculative OutlookIf Bitcoin continues its bullish momentum above 64,200, price could extend toward the 65,200–65,500 supply zone. A liquidity sweep above this area followed by strong bearish rejection could signal exhaustion of the recovery and open the possibility of another corrective move toward 64,200 and potentially lower levels. However, if buyers absorb the selling pressure and establish strong 4H closes above the highlighted supply zone, the bearish reversal scenario would weaken and Bitcoin could continue its recovery toward higher resistance levels. The reaction inside the 65,200–65,500 region will therefore be important in determining whether the current move is a sustainable bullish continuation or simply a recovery into higher-timeframe supply. CANDLE KINGTrend AnalysisDisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.