Bitcoin Price Analysis: Only a Break Above This Level Will Confirm BTC’s Recovery

Bitcoin has stabilized following its sharp decline from the mid-$80K region, with the price gradually making higher lows on the lower timeframes. Although short-term momentum has improved, the broader trend remains challenged as BTC continues to trade beneath key moving averages and several overhead resistance zones. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC is trading around $65K after bouncing from the $60K demand area. The recovery has been constructive, but the market remains below both the 100-day moving average near $69K and the 200-day moving average around $72K, leaving the broader structure tilted to the downside. The first major resistance sits at $67K, where price is currently testing a previously established supply zone. A successful breakout above this region could expose the next resistance cluster around $72K to $74K, which closely aligns with the declining moving averages. Beyond that, the $82K supply zone represents the primary bullish hurdle before any discussion of a larger trend reversal. On the downside, the $60K support area remains the key level to monitor. Below that, the broader demand region around $54K to $56K would likely become...