Bitcoin’s weekend rally runs into a familiar problem: several TradingView analysts are still treating the move as a retest rather than a confirmed reversal.
TL;DR
- Three TradingView insights point to Bitcoin struggling under major resistance after a recent breakout.
- SHAY_ANALYTICS says BTC remains bearish as it trades below the former triangle support and Ichimoku cloud.
- Milad_sangari signals a channel breakout and retests near the $63,600 to $63,980 resistance area.
- DomicChaina says the $64,000 to $65,000 zone remains the key ceiling unless buyers show stronger follow-through.
Bitcoin rebound faces resistance test
The common thread of TradingView’s bearish setups is not that Bitcoin should crash immediately. It’s just that the latest bounce hasn’t done enough yet to show that the sellers have lost control.
In one of the more cautious opinions, TradingView analyst SHAY_ANALYTICS described that BTCUSD had confirmed a bearish breakout of a multi-month-old symmetrical triangle. The analyst said the price is still below the old support zone and below the Ichimoku cloud, leaving the downside bias intact unless buyers regain the broken structure.
That setup places immediate resistance around $73,200 and major resistance near $75,600, while downside targets sit at $54,000 and $47,500. The important point is the structure: previous support is now treated as resistance, and rallies towards that zone can attract new selling unless Bitcoin closes above it again with conviction.
Short-term traders eyeing $63,600 to $65,000
A second TradingView idea by Milad_sangari focused on the short-term BTCUSDT structure. The analyst said Bitcoin had broken below an ascending parallel channel in the one-hour period and was retesting the previous channel’s support as resistance.
The rejection zone highlighted in that analysis lies between $63,600 and $63,980, an area the analyst says also aligns with key Fibonacci retracement levels. That makes the current zone important for traders trying to separate a healthy bounce from a failed retest.
DomicChaina offered a similar read on the four-hour structure, arguing that Bitcoin’s recovery around $63,500 remains below the cluster EMA around $64,050-$64,970. From that point of view, BTC can still rise slightly towards $64,000-$65,000, but that area may become a supply zone if the buying pressure fades.
The bearish case is conditional
Bearish setups are not all or nothing options. They are conditional market maps. If Bitcoin reclaims key resistance zones and holds above them, the bearish thesis weakens quickly. But until that happens, the chart will remain vulnerable to another move lower.
That leaves traders watching to see if the weekend rally can turn into a sustained rally. A failed move near $64,000-$65,000 would keep the pressure on the lower supports. A clear break above that zone would force sellers to reevaluate and could open the door to a stronger relief move.
For now, the message from these technical analysts is simple: Bitcoin has rebounded, but the recovery has yet to prove its effectiveness.
This article was written by News Desk and edited by Samuel Rae.
