On the daily timeframe, Bitcoin has fluctuated within a shallow range between $65,000 and $70,000 over the past week. This behavior reflects a consolidation phase following the bearish pressure of recent weeks, placing the market in a medium term decision zone.
Daily:
On the daily timeframe, Bitcoin has fluctuated within a shallow range between $65,000 and $70,000 over the past week.
This behavior reflects a consolidation phase following the bearish pressure of recent weeks, placing the market in a medium term decision zone.
Main Scenario (Higher Probability)
Considering the bearish momentum observed in recent weeks, the dominant scenario still favors sellers. If selling pressure persists, the probability of a move toward $60,000 increases. This level is regarded as a key psychological and structural support.
First Downside Target:
$60,000
Second Downside Target:
In the event of a valid breakdown below $60,000, the path would open for a deeper decline toward:
$50,000
Alternative Scenario (Lower Probability)
If price encounters strong buyer support and manages to break above the $76,000 – $78,000 order block zone, the medium term structure would shift. Such a breakout could indicate smart money entering the market.
Upside Target:
$90,000
1 Hour Timeframe – Bitcoin
1 Hour Timeframe – BTC/USD
On the 1 hour timeframe, Bitcoin reacted to the $66,500 order block with increased demand and formed higher lows and higher highs, advancing toward the $68,500 area.
However, within the broader context, medium term bearish pressure still needs to be monitored.
Main Scenario (Higher Probability)
The larger trend remains bearish. If price breaks below the $66,000 order block and consolidates beneath it, the probability of activating sell side liquidity increases. Such a breakdown could mark the end of the short term bullish pullback.
Downside Target:
Zone around $60,000
Under this scenario, continuation of the bearish structure on higher timeframes would be the more logical expectation.
Alternative Scenario (Lower Probability) – Recovery Toward Higher Resistance
If price manages to consolidate above the $68,500 level, it would signal continued buyer strength. Sustained acceptance above this level could open the path toward the next resistance area.
Upside Target:
Zone around $70,000