Bitcoin Is Testing a Crucial Level: Breakout or Breakdown Next?

Where is BTC heading next? The currently tested level will determine it, says analyst. After a major rally toward a monthly peak, bitcoin’s price has lost momentum and is down to $64,000, which is very close to a level that could provide more insight into which way the asset is going next. Popular analyst Ali Martinez outlined the two most likely charts depending on whether BTC breaks out or down. $67K Again or $60K? The analyst told his over 165,000 followers on X that the primary cryptocurrency has returned to the key support level at $63,800 after failing at $67,000 earlier this week. He believes this critical line will determine the next leg, whether it will head back toward that aforementioned monthly high or crumble down to $60,000 as it did on a few occasions in June and in early July. Keep an eye on Bitcoin $BTC at $63,800. If this level holds as support, I’m watching for a rebound toward $67,000. But if it breaks, the next downside target sits around $60,000. pic.twitter.com/kAn0hDIEmc — Ali Charts (@alicharts) July 25, 2026 Given his recent assessment of the upcoming month, though, the odds are leaning bearish. As reported earlier, Martinez outlined historical data showin...