Bitcoin’s weekend recovery hits a familiar problem: Several TradingView analysts still view the move as a retest rather than a confirmed reversal.
TL; DR
- Three TradingView ideas point to Bitcoin struggling under key resistance after a recent collapse.
- SHAY_ANALYTICS says BTC remains bearish as it trades below the former triangle support and the Ichimoku cloud.
- Milad_sangari signals a channel break and retests near the $63,600–$63,980 resistance area.
- DomicChaina says the zone between $64,000 and $65,000 remains the key ceiling unless buyers show stronger follow-through.
Bitcoin Rebound represents a resistance test
The common thread in the bearish TradingView setups is not that Bitcoin should collapse immediately. It’s that the latest uptick hasn’t done enough to prove that sellers have lost control.
In one of the more cautious views, TradingView analyst SHAY_ANALYTICS described that BTCUSD has confirmed a bearish multi-month symmetrical triangle breakdown. The analyst said the price is still below the former support area and below the Ichimoku cloud, leaving the downside bias intact unless buyers reclaim the broken structure.
This setup places immediate resistance around $73,200 and major resistance around $75,600, while the downside targets are at $54,000 and $47,500. The important point is the structure: previous support is now treated as resistance, and rallies in that zone could attract new selling unless Bitcoin comes back above with conviction.
Short-term traders are looking at $63,600-$65,000
A second TradingView idea from Milad_sangari focused on the shorter-term BTCUSDT structure. The analyst said Bitcoin broke below a rising parallel channel within a one-hour time frame, retesting the former channel support as resistance.
The rejection zone highlighted in that analysis is around $63,600-$63,980, an area that the analyst also believes aligns with the key Fibonacci retracement levels. That makes the current area important for traders trying to separate a healthy recovery from a failed retest.
DomicChaina gave a similar talk on the four-hour structure, arguing that Bitcoin’s recovery remains around $63,500 below the EMA cluster around $64,050-$64,970. In that view, BTC could still move slightly higher toward $64,000-$65,000, but that area could become a supply zone if buying pressure subsides.
The bearish case is conditional
The bearish setups are not all-or-nothing calls. They are conditional market cards. If Bitcoin reclaims the key resistance zones and stays above them, the bearish thesis will quickly weaken. But until that happens, the chart remains vulnerable to another decline.
That leaves traders waiting to see whether the weekend’s rebound can turn into a sustained recovery. A failed move near $64,000-$65,000 would keep pressure on the lower supports. A clean break above that zone would force shorts to reassess and could open the door for a stronger relief move.
For now, the message from these technical analysts is simple: Bitcoin has recovered, but the recovery has yet to prove itself.
This article was written by the News Desk and edited by Samuel Rae.