Bitcoin Although above short-term support, the next move still looks vulnerable as two charts indicate levels that could determine direction. One setup continues to focus on $68,055 for upside momentum, while the other setup shows why traders are focused on the 50-day SMA and the CME gap near $67,000.
Bitcoin maintains microsupport at $68,055 after Fib extension reaction
According to a chart shared by Man of Bitcoin, Bitcoin is testing a key short-term support level near $68,055 after reacting to a 100% Fibonacci extension. The analyst said holding this level would maintain near-term upward momentum, but a break below could signal the beginning of a weak correction trajectory.
Bitcoin 4H chart. sauce: bitcoin man
The 4-hour chart shows Bitcoin rebounding after hitting resistance near its recent extension target. At the same time, the price remains above the marked micro-support zone, highlighting a micro-support zone that may be noticed by first-level traders. As long as this area persists, the chart suggests that Bitcoin can maintain its short-term bullish structure.
Above the market, the chart shows several possible upside levels. The nearest expected resistance zones are believed to be around $70,044, $71,111, $71,759, and $72,872. In other words, if buyers defend support and regain momentum, Bitcoin may attempt to push further into its higher resistance cluster.
However, the chart also outlines bearish alternatives. If Bitcoin falls below $68,055, it will be the first sign that the yellow roadmap scenario begins to unfold, Man of Bitcoin said. This predicted path indicates a deeper decline, with downside levels near the $64,974, $60,223, and mid-$50,000 areas.
So far, support has not failed, and the structure remains undecided. Therefore, Bitcoin’s next move around $68,055 could determine whether the market resumes its uptrend or turns into a broader decline.
Traders focus on $67,000 CME gap, Bitcoin remains above 50-day SMA
According to a chart shared by SuperBro, Bitcoin will continue to close above its 50-day simple moving average and maintain its strong position on the daily chart as long as it stays above the downtrend line broken in 2026. This setup suggests that the market is looking to sustain recent technical improvements after weeks of pressure under downward resistance.
Bitcoin daily chart. sauce: super bro
This chart shows that Bitcoin has broken above the downtrend line that has limited price movement for several months. At the same time, it is holding near the 50SMA, which is currently acting as an important support area. In other words, buyers are still championing structures that can sustain a near-term recovery.
That said, this chart also highlights the following important risks: SuperBro pointed to the CME gap around $67,000, a level that many traders are closely monitoring as a potential magnet in the event of a pullback. If Bitcoin drops, that zone could be the first area to look at for a possible re-visit.
For now, the daily structure is stable. Bitcoin has broken its downtrend and is trading above its moving averages, keeping the chart in relatively good shape. However, a break below these levels could weaken the setup and shift focus to the open gap around $67,000.
