Bitcoin turns more bearish with chip stock nose diving
Update: Bitcoin has weakened after losing the key support zone
Update score: -3.5 / +10
Bitcoin has weakened since the original analysis. The earlier article treated BTC as slightly bullish but not confirmed, with a score around +1.0 / +10. That was because Bitcoin was still holding above the important 63,750-62,750 support area.
That has now changed.
BTC has dropped below that support zone and pushed into the area of the latest important low. This means the previous bounce is no longer just “unconfirmed.” It is now showing signs of failure.
In simple terms: buyers needed to defend 63,750-62,750, but sellers pushed through it. That shifts the short-term read from neutral / slightly bullish to bearish pressure.
What changed on the Bitcoin chart?
The key change is that Bitcoin did not only pull back from resistance. It started making lower accepted prices.
The short-term price structure moved down from the 64,125 area toward 62,235. That is a meaningful change because it shows sellers were not only defending the bounce, they were pushing BTC into a lower trading zone.
Why the Bitcoin score is now -3.5 / +10
The score has moved to -3.5 / +10 because the bounce has lost important support.
This does not mean Bitcoin is in a fully confirmed major bearish breakdown yet. The bigger 59,100 low is still intact, so the larger structure has not completely broken.
But the short-term picture has clearly weakened.
A -3.5 score means sellers currently have control in the short term, while traders should still watch for a possible failed breakdown if Bitcoin quickly recovers back above 62,750-62,865.
What Bitcoin needs to do to improve again
Bitcoin needs to reclaim 62,750-62,865 first.
That would be the first sign that the latest drop may have been a stop-run or temporary breakdown rather than the start of a deeper move.
The stronger recovery path would be:
BTC reclaims 62,750-62,865.
BTC then moves back above 63,315.
BTC holds above 63,765-63,945.
BTC eventually recovers toward 64,125-64,750.
If that happens, the bearish pressure would weaken, and the market could move back into a more balanced range.
What would confirm more Bitcoin weakness?
The bearish case stays active if Bitcoin fails below 62,750-62,865 on the next bounce.
That would suggest old support has turned into new resistance.
The bearish case becomes stronger if BTC breaks below 61,862 again and starts moving toward 60,679. A break below 59,100 would be the much bigger warning because that level is the major low from the earlier sell-off.
Updated Bitcoin trading map
Updated Bitcoin read
Bitcoin has shifted from slightly bullish but unconfirmed to short-term bearish pressure.
The earlier bounce needed buyers to defend 63,750-62,750. They failed to do that. The new practical score is therefore -3.5 / +10.
The next key question is simple: can Bitcoin quickly reclaim 62,750-62,865, or does that former support become resistance?
If BTC reclaims that zone, the selloff may turn into a failed breakdown. If BTC fails below it, the next downside focus moves toward 60,679, with 59,100 still the major structural line for the bigger Bitcoin picture.
This article was written by Itai Levitan at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
FX初心者には必須 無料のうちにGET！
