Bitcoin Holds Key Support — Can Bulls Break the Range? for BITSTAMP:BTCUSD by Yong726
Market View BTCUSD remains in a consolidation phase on the 4H chart after recovering from its low in late June. Price has spent the past several sessions moving sideways between established support and resistance, suggesting that both buyers and sellers are waiting for fresh momentum. Despite recent pullbacks, buyers continue to defend higher lows, maintaining a constructive broader structure. A decisive breakout from the current range is likely to determine the next directional move. Key …
Market ViewBTCUSD remains in a consolidation phase on the 4H chart after recovering from its low in late June. Price has spent the past several sessions moving sideways between established support and resistance, suggesting that both buyers and sellers are waiting for fresh momentum. Despite recent pullbacks, buyers continue to defend higher lows, maintaining a constructive broader structure. A decisive breakout from the current range is likely to determine the next directional move. Key ResistanceFirst resistance: 64,800–65,200A close above this zone would increase bullish momentum. Second resistance: 66,000–66,500This marks the recent swing high and the next upside objective. Major resistance: 67,500–68,000A sustained break above this area would confirm a stronger medium-term bullish continuation. Key SupportFirst support: 63,200–63,500This area continues to attract buying interest. Second support: 61,800–62,200A break below the first support could expose this demand zone. Major support: 59,500–60,000Losing this region would shift the overall structure back in favor of sellers. Market SentimentMarket sentiment remains cautiously optimistic. Buyers continue to defend key support, but confirmation of a new bullish leg will require a convincing breakout above recent resistance. Please share your view below:Will Bitcoin break above resistance and continue higher? Or will sellers defend the range and push price back toward support?More market structure and key level updates will be shared regularly. 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.