Bitcoin’s recent price action confirms a clear structural collapse, ending weeks of compression and shifts momentum to the downside. While a near-term rebound remains possible as price fills nearby imbalances, the broader outlook remains bearish. Unless key resistance levels are recovered quickly, any upward movement is likely to be temporary, with further downward pressure expected.
Increasing channel degradation signals a shift in structure
According to a BTC update by crypto analyst Columbus, the market structure has finally broken down after weeks of compression. The price fluctuated within an ascending channel and formed higher lows that pressed resistance. Instead of higher adoption, Bitcoin was rejected at trend resistance, followed by a decisive one breakdown.
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The current price action suggests a continuation of the downtrend. What once looked like bullish compression has now transitioned into a potential distribution phase. Key liquidity levels are now down. The $64,000 region acts as the first major magnet, supported by past responses and stacked bids. Below that, the $62,000 zone represents a deeper range, especially if to sell pressure accelerates.
Previous expectations were clear: acceptance over resistance would confirm continuation, while rejection would trigger a step down. However, the market has opted for the latter. Unless the price reclaims the channel quickly and remains above the USD 68,000 level, any upward move is likely to be a relief towards the deliverywith the short-term bias remaining bearish while tracking reactions around $64,000.
Bitcoin 4H Structure Reversal Signals Bearish Control
Analyst Minga analyzes Bitcoin’s 4H timeframe noted that there is usually less exercise on weekends, especially on Saturdays. However, the current bias is neutral to slightly bullish as the price reacts from the weekly lows. Holding above the blue order block (OB) below remains key as it keeps the door open for potential retest from the $67,300 level.
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Despite that short-term revival, the 4H market The structure has already turned bearish. The recent downward move has also left a noticeable imbalance, which the price tends to revisit and fill this weekend or early next week.
A successful recovery from the USD 67,300 level could trigger a stronger corrective move towards USD 68,800, which is now a critical zone for a bearish continuation. So any rally there could take place resistance and set the stage for the next stage, in line with the broader trend.
There is also a possibility that the price will reach the lower limit of the blue OB before any meaningful upside emerges. Regardless of the exact path, the imbalance left by the previous move is expected to be filled. For that reason, short-term sentiment is leaning slightly bullish towards the lower timeframes, but with a bearish retest before continuation, in line with the prevailing downtrend.
Featured image from Getty Images, chart from Tradingview.com