Bitcoin’s weekend rebound is running into a familiar problem: several TradingView analysts are still treating the move as a retest rather than a confirmed reversal.
TL;DR
- Three TradingView ideas point to Bitcoin struggling beneath important resistance after a recent breakdown.
- SHAY_ANALYTICS says BTC remains bearish while it trades below the former triangle support and Ichimoku cloud.
- Milad_sangari flags a channel breakdown and retest near the $63,600–$63,980 resistance area.
- DomicChaina says the $64,000–$65,000 zone remains the key ceiling unless buyers show stronger follow-through.
Bitcoin Rebound Faces A Resistance Test
The common thread across the bearish TradingView setups is not that Bitcoin must immediately collapse. It is that the latest bounce has not yet done enough to prove sellers have lost control.
In one of the more cautious views, TradingView analyst SHAY_ANALYTICS described BTCUSD as having confirmed a bearish breakdown from a multi-month symmetrical triangle. The analyst said price is still below the former support area and below the Ichimoku cloud, leaving the downside bias intact unless buyers reclaim 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: former support is now being treated as resistance, and rallies into that zone may attract fresh selling unless Bitcoin closes back above it with conviction.
Short-Term Traders Watch $63,600–$65,000
A second TradingView idea from Milad_sangari focused on the shorter-term BTCUSDT structure. The analyst said Bitcoin had broken below an ascending parallel channel on the one-hour timeframe and was retesting the former channel support as resistance.
The rejection zone highlighted in that analysis sits around $63,600–$63,980, an area the analyst said also lines up with key Fibonacci retracement levels. That makes the current area important for traders trying to separate a healthy rebound 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 EMA cluster around $64,050–$64,970. In that view, BTC can still push slightly higher toward $64,000–$65,000, but that area may become a supply zone if buying pressure fades.
The Bearish Case Is Conditional
The bearish setups are not all-or-nothing calls. They are conditional market maps. If Bitcoin reclaims the key resistance zones and holds above them, the bearish thesis weakens quickly. But until that happens, the chart remains vulnerable to another move lower.
That leaves traders watching whether the weekend recovery can turn into a sustained reclaim. A failed move near $64,000–$65,000 would keep pressure on lower supports. A clean break above that zone would force shorts to reassess and could open the door to a stronger relief move.
For now, the message from these technical analysts is straightforward: Bitcoin has bounced, but the recovery still has to prove itself.
This article was written by the News Desk and edited by Samuel Rae.