Re-tie or hold on the Channel Mid-Line? (Bitcoin Price Prediction)

After weeks of aggressive selling pressure and a sharp decline in liquidation positions towards the $60K region, Bitcoin is now trying to stabilize. A recent rebound from the $62K area has brought the price back to a technically critical level: the middle boundary of the channel. This level has repeatedly acted as dynamic resistance throughout the downtrend, making the current reaction very important for short-term direction.

Bitcoin Price Analysis: Daily Chart

During the day, the jump from $62K was technically clean. That area acted as strong demand and absorbed the strong selling pressure that triggered the previous blowout. However, as the price approaches the center line of the channel, the momentum is starting to fade. The market is no longer in a hurry – it is hesitant. Historically, this level has declined many times, and until it is restored every day, the broad structure remains corrective rather than bullish.

If Bitcoin cannot secure a strong daily close above this intermediate boundary with the next buy, the structure changes. If so, the next logical magnet resides in the $75K–$80K supply range. That area contains the prior distribution and may be the next strength test. On the other hand, if the price fails here and loses the short-term support region of $66K–$67K, the market is in danger of circling back to $62K. A break below that level will reopen the path to the lower boundary of the channel and ensure a continuation of the steep decline.

BTC/USDT 4-Hour Chart

On the 4-hour chart, the structure is very bullish. A recent breakout above the triangle formation at $67K indicated short-term pressure returning to the market. That breakout changed momentum, but the price is now pressing between the lower triangle broken trend line and the mid-channel at the $70K line. This creates a range of temporary decisions.

A controlled pullback to a broken resistance triangle can be technically healthy and can provide the basis for another push higher. If that support holds, a move to $70K becomes more of a possibility. However, losing that level would invalidate the outbreak and suggest the move was a relief rally.

Analyzing Emotions

From a liquidity perspective, the Binance BTC/USDT liquidation heat map shows a significant cluster of short-term structures closing above $70K. This area clearly stands out as a leverage pocket. Liquidity often acts as a magnet, especially when placed above the price during a recovery phase. If Bitcoin is able to cross the center line of the channel and build acceptance, a move to that $70K region could trigger a short squeeze, accelerating the upward trend as overly long shorts are forced to close.

Overall, Bitcoin is in a transitional phase. The short-term structure has improved, momentum is stabilizing, and the economy is sitting high. However the daily chart still shows the price trapped below major resistance within a broad descending channel. Until that level is completely restored, the superstructure remains fragile.

The next daily close near the mid-channel boundary will likely determine whether this rally turns into a squeeze to $70K and above, or whether it becomes another rejection that takes the price back to $62K and renews the dominant decline.