Bitcoin is extending its recovery from recent lows, testing a critical resistance zone between $66,200 and $66,800. While short-term momentum has improved, the asset remains beneath its declining 100-day and 200-day moving averages, which reinforce a broader bearish structure. On the 4-hour chart, buyers have staged a strong rebound from the $61,800 to $62,300 demand zone, pushing into immediate resistance around $64,800 to $65,400. A liquidation heatmap shows a significant concentration of short liquidity above the current price, particularly near the $66,000 region, which could attract price action. The market currently favors range-bound conditions, with a confirmed breakout above the $66,200 to $66,800 resistance potentially opening the path toward the next supply zone around $72,000 to $74,000.
Bitcoin continues to trade within its defined consolidation range on the daily timeframe. The recent rebound has carried the price back toward the major resistance zone at $66,200 to $66,800, while broader support remains at $57,800 to $60,200.
Buyers have regained short-term momentum, but BTC is still trading beneath the declining 100-day and 200-day moving averages. The descending long-term trendline also remains intact, adding further confluence around the overhead resistance.
A confirmed breakout above the $66,200 to $66,800 resistance would be the first signal that buyers are regaining control. Such a move could pave the way toward the next resistance around $72,000 to $74,000.
On the 4-hour chart, buyers have staged a strong recovery from the $61,800 to $62,300 demand zone. This push has moved Bitcoin back into the immediate resistance area around $64,800 to $65,400.
This resistance has already rejected the price several times over the past two weeks, making it the key short-term barrier. A successful breakout above the $64,800 to $65,400 region would likely open the door for another rally toward the daily resistance.
Failure to overcome this supply zone could trigger another rejection back toward the buyers’ defense at $61,800 to $62,300. Such a move would keep BTC trapped within its broader consolidation range.
The two-week liquidation heatmap highlights a significant concentration of short liquidation liquidity above the current price, particularly around the $66,000 region. This cluster becomes an attractive magnet for price, increasing the probability of an upward liquidity sweep.
If buyers manage to push through the nearby resistance, the liquidation of overleveraged short positions could trigger a short squeeze. This would accelerate bullish momentum toward higher resistance levels. A liquidation cluster also exists below the current market, but it primarily reflects aggressive long positioning.
