Bitcoin (BTC) is currently trading around $67,925 as of 8 a.m. EST, valuing the network near $1.35 trillion in market cap. Over the past 24 hours, roughly $51.15 billion has changed hands, with price moving between $65,932 and $68,371.
$BTC Right now, Bitcoin is moving sideways just below a major resistance zone. The recent bounce is running into a bigger bearish trend on higher timeframes. While momentum is trying to level out, the overall technical picture shows the market still needs stronger confirmation before any real shift higher.
Bitcoin Chart Outlook: Daily Timeframe
On the daily timeframe, Bitcoin is still in a bearish structure, shown by consistent lower highs and lower lows after the strong rejection around $97,900. The sharp selloff that wicked down near $59,930 looked like a panic flush, which was followed by a bounce back into the $68,000–$70,000 zone where price is now tightening.
Key resistance sits around $70,000 to $72,000, with a wider selling area between $75,000 and $80,000. Solid support is near $60,000, and if price slips under $59,000, the next downside area opens around $52,000 to $54,000.
Unless BTC can break back above $72,000 with strong volume, the daily outlook stays bearish.
Bitcoin Chart Outlook: 4-Hour Timeframe
On the 4-hour chart, Bitcoin is showing a bounce that fits more as a pullback inside the larger downtrend. After dipping near $66,000, price has slowly pushed up toward the $68,000–$69,000 area, but trading volume is fading as it moves higher, which points to weak buying strength.
Resistance is stacked around $69,500 to $71,000, while short-term support is holding near $66,000 with a critical breakdown zone around $64,000. From a structure point of view, this looks like a classic relief move instead of a real trend reversal—the type of bounce that feels bullish at first but usually runs into selling pressure above.
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