Bitcoin price remains under pressure after rejecting mid-range resistance near $68,000, increasing the possibility of a correction move towards the $60,000 support.
summary
- Bitcoin rejects mid-range resistance near $68,000 and maintains bearish structure
- Weak volume confirms lack of bullish conviction on relief bounce
- Price is likely to rotate towards lower support in the $60,000 range
Bitcoin ($BTC) Price action continues to show signs of structural weakness following rejection from the midrange, reinforcing a continued bear market environment. Although Bitcoin attempted to stabilize within a broader range, it was unable to regain the key resistance area near the Point of Control (POC) at $68,000, a level that has repeatedly determined the direction of the market.
The recent rejections highlighted a fragile price situation where sellers have maintained control for short periods of time. Instead of moving towards higher upside, Bitcoin has started to break within its established trading range, increasing the possibility of heading towards lower range support around the current year-to-date low of $60,000.
From a broader perspective, Bitcoin remains in a correction phase rather than a confirmed recovery trend, with technical signals favoring a continuation on the downside unless key resistance levels recover.
Important technical points for Bitcoin price
- Solid mid-range resistance at $68,000: Price continues to reject control zone points
- Check for weak bounces and lack of volume: Buying pressure is still insufficient to reverse the structure
- Focus on low support in the $60,000 range: Next big downside target aligned with annual support
BTCUSDT (4H) chart, source: TradingView
The most important technical development in recent price movements is Bitcoin’s inability to sustain above the range’s mid-range resistance. This area is located around $68,000 and represents the control point where most of the recent trading volume occurred. Acceptance above this level signaled a transition to bullish continuation, while rejection rather confirmed continued distribution.
Following the rejection, Bitcoin established another local low near the value area low, reinforcing the bearish internal structure. When sellers maintain their dominance, markets often tend to cycle through a series of falling highs and falling lows, and Bitcoin’s current movement is consistent with this pattern.
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After capitalizing on liquidity below recent lows, prices managed to generate a short-term rebound, but the recovery lacked strong volume participation. Without a meaningful influx of buying, a bailout rally tends to act as a temporary respite rather than a true reversal. This lack of confidence suggests that market participants remain hesitant to accumulate aggressively at current levels.
Liquidity sweeps cannot cause strong reversals
Bitcoin has recently been capitalizing on quiescent liquidity near the lower end of its value, a move that typically attracts buyers looking for discounted entry. However, the reaction after this surge in liquidity has been relatively modest. Instead of aggressive bullish expansion, prices continue to compress under resistance.
This behavior indicates that the market may still be in a redistribution phase, where prices tend to move lower to find stronger demand. When liquidity gains fail to generate impulsive upward momentum, it often indicates that deeper support levels remain an unfinished goal.
As long as Bitcoin continues to trade below the mid-resistance range of $68,000, sellers will maintain structural control. Each failed attempt to regain this level increases the likelihood of further declines.
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Low prices in the $60,000 range emerge as an important magnet
Technically, the next logical destination for the price is near the lower support in the $60,000 range. This area represents a key high time frame level that coincides with the yearly lows and acts as the primary liquidity pool within the broader range structure.
If equilibrium cannot be established at the midpoint, the market will frequently rotate between the extremes of the range. Given Bitcoin’s continued mid-range rejection and signals of weakening momentum, a move towards range-low support is statistically more likely.
The $60,000 level is expected to serve as the main decision zone. If prices reach this area, traders will be watching closely to see if buyers step in to defend the support, or if acceptance below opens the door to a deeper correction.
What to expect from future price trends
From a technical, price trend, and market structure perspective, Bitcoin remains bearish despite trading below the median resistance at $68,000. Unless the price recovers and breaks above this level, a downside rotation towards the $60,000 support is likely to continue.
Although a short-term pullback is possible, the correction is likely to continue until bullish volume returns and structural resistance is decisively restored.
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