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On the H4 timeframe, BTCUSD maintains a bearish structure as price trades below the descending trendline and the EMA50 and EMA100. Following a rebound from 63,000 USD, price has repeatedly failed to break above 68,000 USD, indicating that sellers remain in control. BTC is currently fluctuating around 66,500–67,000 USD, near the key support at 65,000 USD. A break below 65,000 USD could lead to a move toward 62,500–63,000 USD, while a push above 70,000 USD may open the door toward 72,000 USD.
On the H4 timeframe, BTCUSD continues to maintain a bearish structure as price remains below the medium-term descending trendline and trades beneath the key moving averages, EMA50 and EMA100.
Bitcoin remains under short-term pressure as price continues to be rejected at the confluence of the descending trendline and the EMA100 around 68,000 USD. Only a sustained move above 70,000 USD would effectively disrupt the current bearish structure.
Following the rebound from the 63,000 USD area, price attempted to challenge the descending trendline, which also converges with the EMA100 around 68,000 USD, but failed to sustain upward momentum. This suggests that buyers have not yet regained control of the trend, while sellers continue to exert pressure on the overall price structure.
Currently, BTC is fluctuating around 66,500–67,000 USD, just above the immediate support zone at 65,000–65,500 USD. The repeated formation of lower highs indicates that buying pressure remains insufficient to reverse the short-term downtrend.
In a bearish scenario, a decisive break below 65,000 USD could intensify selling pressure and drive the price toward the 62,500–63,000 USD region. Further below, the 60,000 USD area remains a key strategic support level in the medium term.
Conversely, in a bullish scenario, price would need to break above the 68,000 USD area - where the descending trendline converges with the EMAs - to open the door for a move toward the 69,500–70,000 USD resistance zone. To effectively disrupt the current bearish structure, BTC would need to sustain and consolidate above 70,000 USD. Only then would bullish momentum have a stronger foundation, potentially paving the way for a move toward 72,000 USD.
02.3.2026
Bitcoin (BTCUSD)
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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