Bitcoin is holding its higher-low structure as buyers test the $65,500 to $67,000 resistance area. A confirmed breakout could open the path toward $70,000 and $72,000, while losing $64,000 would weaken the bullish setup.
Bitcoin Holds Bullish Structure as $67,000 Breakout Test Nears
Bitcoin continues to form higher highs and higher lows on the daily chart, challenging claims that the latest recovery has already reached its peak. Analyst Super฿ro said a break through higher-time-frame resistance could catch bearish traders positioned for another decline.
BTC daily chart. Source: Super฿ro/TradingView
Bitcoin remains above its 10-day, 20-day and 50-day moving averages, while recent bullish crosses show improving short-term momentum. The 50-day average near $63,100 now provides an important base for the recovery.
However, BTC is approaching a descending trendline extending from its previous all-time high. The first major resistance sits around $66,500 to $67,000, where price recently faced selling pressure.
A confirmed breakout above that trendline could open several fair value gap zones between roughly $67,000 and $77,000. The first upside area sits near $67,000 to $70,500, followed by resistance around $71,500 to $73,000.
The broader trend has not fully turned bullish because Bitcoin remains below its falling 200-day moving average near $72,500. Reclaiming that level would provide stronger confirmation that buyers have regained control.
Meanwhile, losing the $63,000 area would weaken the higher-low structure and increase the risk of another move toward $61,000 or $60,000. For now, Bitcoin remains constructive, but the $66,500 to $67,000 region is the key breakout test.
Bitcoin Reclaim Above $65,500 Could Open Path to $70,000
Bitcoin is attempting to reclaim $65,500 after pulling back from resistance near $67,000. Analyst Friedrich said a confirmed four-hour recovery above the level could accelerate the move toward $70,000 and higher.
BTC four-hour chart. Source: Friedrich/TradingView
The chart identifies roughly $64,300 as the immediate must-hold support. Bitcoin has maintained a broader pattern of higher lows, but continued trading below $65,500 could keep price trapped between support and the $67,000 resistance level.
A break above $67,000 would provide stronger confirmation of bullish momentum. The projected path then points toward $70,000, followed by the next major target around $72,000.
The analyst also highlighted Bitcoins relative strength despite weakness in the S&P 500. That divergence may indicate that buyers remain active, although the chart still requires a confirmed breakout rather than another brief move above resistance.
However, losing $64,000 would weaken the immediate setup and could expose Bitcoin to lower support near $61,900 and $61,100. For now, $65,500 remains the first level buyers must reclaim before the market can target the $70,000 region.