Bitcoin is approaching the stubborn $64,360 resistance level after several failed breakout attempts. A new bullish trend reversal on the 4-hour chart suggests momentum is improving, but buyers still need to prove they can sustain this move.
Bitcoin hits the wall again as resistance at $64,360 fails to break through
Bitcoin continues to struggle below a key resistance level that has repeatedly rejected bullish gains on the 4-hour chart.
According to analyst Ali Chart, $BTC is once again testing the $64,360 area, a level that has acted as a ceiling multiple times during recent price action.
$BTC 4 hour chart. sauce: Alicharts (@alicharts)
The chart highlights several failed breakout attempts near $64,327 and $64,360, characterized by the price briefly approaching the resistance zone before reversing repeatedly. With each rejection, Bitcoin fell, reinforcing the region’s importance as a short-term barrier.
According to our analysis, a definitive close above this level could invalidate the repeated rejection pattern and open the door for a move to the next resistance zone around $65,600 and potentially $67,200.
However, a bullish breakout remains unconfirmed. If buyers fail to absorb the concentrated supply around $64,360, Bitcoin could remain trapped within the recent range or face another decline towards lower support levels.
For now, traders are focused on whether Bitcoin can finally overcome the stubborn resistance at $64,360, or whether sellers will once again defend one of the market’s hottest levels.
Bitcoin regains momentum, reversing bullish trend for the first time since $80,000
Bitcoin may be in the early stages of a recovery after recording its first trend reversal signal in four hours since the market traded above $80,000.
According to analyst Skew, $BTC The Perpetual Futures 4-hour chart has moved from bearish to bullish status, the trend indicator has turned positive and the chart has adopted the colors of an early uptrend.
$BTC 4-hour chart of perpetual contract. sauce: Skew (@52kskew)
This chart shows Bitcoin’s long decline from the $80,000 area, followed by a sharp decline until early June before the price began to stabilize. Boosted by recent gains $BTC It is above the short-term trend ribbon, marking the first bullish reversal on the 4-hour period since the broader downtrend began.
According to our analysis, a change in trend color suggests that buyers are regaining control of short-term momentum. If Bitcoin can maintain its position above the newly recovered trend indicators, the recovery could extend towards higher resistance levels.
However, this signal is still an early sign rather than a confirmation of a complete trend reversal. Bitcoin remains below the resistance levels of several higher time frames, and failure to sustain this breakout could result in the market consolidating again or falling into another downturn.
For now, traders are focused on whether this first four-hour bullish trend since $80,000 will reverse and develop into a broader recovery, or if it will end up being another short-lived rescue rally.
