Bitcoin faced selling pressure again in the $64,360 region, which it tested several times in recent days. Although there is a new upward signal on the four-hour chart indicating an improvement in the short-term outlook, it is not yet clear whether this movement will be permanent in the market.
The $64,360 region became the critical threshold in the short term
According to the evaluation of market analyst Ali Charts, Bitcoin is again pushing the range of $ 64,327 and $ 64,360 in the latest pricing. This zone has acted as a ceiling that has stopped upward attempts several times recently.
Chart data shows that the price retreats every time after approaching the resistance area. This chart revealed that the $64,360 area stands out as a strong selling area in the short term. The declines seen after each rejection also increased the technical importance of the level in question.
Analyzes indicate that if Bitcoin makes a strong close above $64,360, the recent rejection structure may be disrupted and the price may move towards the range of $65,600 and $67,200.
However, the upside breakout is still not confirmed. It is considered that if buyers cannot meet the supply near $ 64,360, Bitcoin may remain within the current horizontal band or even retreat towards lower support levels.
| Level | Technical meaning |
|---|---|
| $64,327 to $64,360 | Main short-term resistance zone |
| $65,600 | Possible next resistance |
| $67,200 | Upper zone to watch if resistance is broken |
First sign of recovery seen on four-hour chart
Another market analyst, Skew, stated that the first signal from a downward trend to an upward trend occurred on Bitcoin’s four-hour continuous futures chart. This change attracted attention as the first positive return seen in the same time period since the period when the price was trading above $80,000.
According to the analysis, Bitcoin experienced a sharp sales wave at the beginning of June after a long decline starting from the $ 80,000 region, and then started to display a more balanced appearance. With the recent rise, the price rose above the short-term trend indicators, indicating that the momentum was starting to turn in favor of buyers again.
In the evaluation shared by Skew, it was emphasized that this turn seen in the four-hour indicators is not definitive evidence of a broader trend change, but is an early sign that the short-term momentum is gaining strength again.
However, Bitcoin is still trading below various resistance levels on higher time frames. Therefore, if the current movement cannot be maintained, the possibility that the market will return to the tight band or the weakness will come to the fore again remains on the table.
At this stage, market participants are focused on whether Bitcoin can permanently surpass the $64,360 resistance and whether the bullish signal seen on the four-hour chart will translate into a broader recovery.
