Bitcoin Could Be Entering Critical Pullback Phase Below This Level

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Reason to trust How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is showing increasing signs of weakness as bearish pressure continues building below a critical technical level. With key support zones now under threat and reversal patterns beginning to take shape, BTC could be entering a decisive pullback phase that may determine the market’s next major direction. Buyers Continue Losing Momentum As Decline Deepens Crypto analyst Kamile Uray stated that Bitcoin buyers continue to appear weak as the market faces another wave of downside pressure. The analyst explained that if BTC breaks below the key bottom at $74,929, it could confirm the completion of the final shoulder in a developing OBO structure while remaining under the previous low near $76,044. Unless Bitcoin can achieve a decisive 4-hour candle close above $78,213, the bearish trend is likely to continue. A sustained breakdown below $74,929 could open the door for a deeper decline toward the $71,000–$68,000 region, which has been identified as a major Fibonacci support zone. Kamile Uray further explained that if stronger buying momentum eventually emerges from those lower levels, Bitcoin could attempt another recovery rally. During any upside move, the market would need to overcome resistance around $98,000, followed by the larger resistance region between $107,000 and $109,000. However, if Bitcoin struggles to maintain strength above the recent peak near $126,199, the risk of another major corrective phase would remain active. In the case of a much deeper decline, Kamile Uray emphasized that the $60,000 level stands out as a critical long-term support area that could play a major role in future market direction. Bitcoin Bullish Reversal Structure Begins Turning Bearish Another crypto analyst Merry__PT has noted that Bitcoin’s recent price action is undergoing a significant structural shift. While the market initially formed a recognizable W bottom, a classic signal of a bullish reversal, this structure is now evolving into a Head and Shoulders top, which is historically viewed as a symbol of a bearish reversal. The most critical technical element to monitor moving forward is the blue horizontal base neckline. This support zone is acting as the foundation for both the current structure and the potential for a larger trend shift. Once this neckline is clearly defined and widely acknowledged by market participants, the Head and Shoulders formation will gain significant validity. If the price confirms a breach below this level, the pattern is likely to transition from a mere technical observation into a genuine catalyst for a sustained pullback. Beyond this structural pivot, the upcoming monthly candle close is key, acting as a pivotal axis for gauging future sentiment and market direction.

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