Markets
Platforms
Accounts
Investors
Partner Programs
Institutions
Contests
Others
loyalty
Partner Loyalty
Trading Tools
Resources
On the H4 timeframe, Bitcoin has broken above its descending trendline and rebounded from the $65,500–66,000 area, now approaching a key resistance zone at $68,800–69,200. Price remains supported above both the EMA50 and EMA100, while RSI is improving, indicating positive short-term momentum. However, the lack of a decisive breakout above resistance means a confirmed uptrend is still absent. A move above $69,200 could open the path toward $71,500–72,000, while rejection may push price back toward $67,000 or lower, maintaining a medium-term corrective structure.
On the H4 timeframe, BTCUSD (Bitcoin) is testing a descending channel that has been in place since mid-March, as price has broken above the downward trendline and is now trading around a key resistance zone at 68,800–69,200 USD.
Bitcoin is testing a key resistance zone around $69,000 after breaking its descending trendline, but with the medium-term structure yet to clearly reverse, the reaction at this level will be critical in determining whether the market can extend its upside or remains a technical rebound.
After forming a base around the 65,500–66,000 USD area, price has staged a recovery and is currently holding above both the EMA50 and EMA100, suggesting that the short-term structure is gradually improving. In terms of momentum, the H4 RSI is moving into the mid-to-upper range (around 60–65), reflecting relatively positive short-term bullish momentum. However, price has yet to break decisively above the 68,800–69,200 USD resistance zone to confirm a clear bullish trend.
If price can break above this resistance area and sustain gains above it, the upside could extend toward the 71,500–72,000 USD region, which aligns with a higher supply zone and an area that previously acted as strong selling pressure.
On the other hand, if price continues to face rejection below the 69,000 USD level and shows clear signs of weakness, BTC is likely to resume its corrective phase, with immediate support around 67,000 USD and deeper support at 65,500–66,000 USD. In that case, the current recovery would likely be viewed as a technical rebound within a broader medium-term corrective structure.
06.04.2026
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.
Ready for the Next Trading Step?
Open an account and get started.
Calculate lot sizes and risk.
Convert currencies in real-time.
Learn key trading terms and concepts.
Leverage your insights and take the next step in your trading journey with an XS trading account.
Linh Tran
Market Analyst
Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.
This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.
Recent price action highlights a clear tug-of-war between persistent pressure from elevated Treasury yields and a strong US dollar, amid ongoing inflation concerns, and, on...
Understanding the Rejection Candlestick Pattern At its core, trading is about understanding people, and the rejection candlestick pattern is one of the clearest ways to...
What Is Pair Trading? Pair trading is a market-neutral trading strategy involving buying one asset while selling another highly correlated asset. The goal is to...
Stay in the loop with our latest announcements, product releases, and exclusive insights, delivering straight to your inbox.