Bitcoin Price Analysis: BTC's Structure Remains Bearish Until This Key Level Is Reclaimed

Bitcoin’s recovery from a recent sell-off is gaining short-term momentum, but the market structure is still viewed as bearish until BTC reclaims a key resistance zone. The analysis says BTC is trading below the 100-day and 200-day moving averages, which continue to slope lower, and remains capped by resistance between $64K and $66.5K. After bouncing from a $58K-$61K demand zone, the price action formed a higher low, while the RSI also printed higher lows, suggesting downside momentum is fading. The article argues the bearish structure persists until Bitcoin reclaims $64K-$66.5K supply. A breakout above that range could expose next resistance near $72K-$74K, while rejection may send price back toward the $60K support area. On the 4-hour chart, it notes an impulsive rally off roughly $58K-$59K and a sweep of liquidity around $61K-$62K before resistance near a descending trendline.