Bitcoin’s weekend rebound faces a familiar problem: many TradingView analysts are still treating the move as a retest rather than a confirmed reversal.
TL;DR
- Three thoughts from TradingView suggest that Bitcoin is struggling under important resistance following the recent collapse.
- SHAY_ANALYTICS says BTC remains bearish while trading below previous triangle support and Ichimoku cloud.
- Milad_sangari indicates a channel breakdown and retest near the $63,600-$63,980 resistance area.
- DomicChaina says the $64,000-$65,000 area remains the key ceiling unless buyers show a stronger follow-through.
Bitcoin recovery faces resistance test
What bearish TradingView setups have in common is not that Bitcoin It should collapse immediately. The problem is that the recent bounce did not do enough to prove that sellers have lost control.
In one of the more cautious views, TradingView analyst SHAY_ANALYTICS described BTCUSD as having confirmed a bearish breakdown from a multi-month symmetrical triangle. The price remains below the previous support zone and below the Ichimoku cloud, leaving the downtrend intact unless buyers reclaim the broken structure, the analyst said.
This setup places immediate resistance near $73,200 and key resistance near $75,600, while downside targets lie at $54,000 and $47,500. The important point is the structure: former support is now treated as resistance, and rises to that area may attract new selling unless Bitcoin closes above it again with conviction.
Short-term traders are watching $63,600 to $65,000
The second TradingView idea from Milad_sangari focused on the short-term structure of BTCUSDT. The analyst said that Bitcoin had broken below the ascending parallel channel on the 1-hour time frame and was retesting the support of the previous channel as resistance.
The rejection zone highlighted in this analysis is around $63,600-$63,980, an area the analyst said also corresponds to key Fibonacci retracement levels. This makes the current zone important for traders trying to separate a healthy rebound from a failed retest.
DomicChaina provided a similar reading for the four-hour structure, arguing that Bitcoin’s recovery around $63,500 is still below the EMA range of around $64,050-$64,970. From this perspective, BTC can still rally slightly towards $64,000-$65,000, but this area could become a supply zone if buying pressure diminishes.
The bearish condition is conditional
Bearish setups are not all-or-nothing calls. They are conditional market maps. If Bitcoin reclaims the key resistance areas and settles above them, the bearish thesis quickly weakens. But until that happens, the chart remains vulnerable to another downward movement.
This leaves traders watching whether the weekend’s recovery can turn into a sustainable recovery. A failed move near $64,000-$65,000 would keep pressure on lower support levels. A clear break above that area would force shorts to reevaluate and could open the door to a stronger relief move.
For now, the message these technical analysts are sending is clear and straightforward: Bitcoin has rebounded, but the recovery still has to prove itself.
This article was written by the News Desk and edited by Samuel Ray.
