BTC Price at a Crossroads: Rebound or Fall at the Channel Centerline? (Bitcoin Price Prediction)

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

Bitcoin Price Analysis: The Daily Chart

On the daily time frame, the $62K jump was technically clean. That zone acted as a strong ask and absorbed the aggressive selling pressure that the previous flush produced. However, as price approaches the channel centerline, the upward momentum begins to compress. The market is no longer impulsive, but hesitant. Historically, this level has been rejected several times, and until it is regained on a daily basis, the broader structure remains corrective rather than bullish.

If Bitcoin can secure a strong daily close above this midline with follow-on buying, the structure will shift. In that case, the next logical magnet is in the supply range of $75,000 – $80,000. That area contains previous distribution and would likely be the next strength test. On the other hand, if the price fails here and loses the short-term support area between $66,000 and $67,000, the market risks returning to $62,000. A breakdown below that level would reopen the path to the channel’s lower limit and confirm the continuation of the larger downtrend.

BTC/USDT 4-hour chart

On the 4-hour chart the structure is more constructive. The recent break above the triangle formation at $67K meant short-term bullish pressure returned to the market. That breakout changed the momentum, but the price is now compressing between the broken triangular trendline below and the $70,000 channel centerline. This creates a decision space for the short term.

A controlled retreat towards the broken triangle, which has turned into resistance, would be technically sound and could form the basis for a new push higher up. If that support continues, a continuation towards $70,000 becomes increasingly likely. However, losing that level would invalidate the breakout and suggest the move was merely a relief rally.

Sentiment analysis

From a liquidity perspective, the Binance BTC/USDT liquidation heatmap shows a notable cluster of short liquidations that top $70,000. This area clearly stands out as a leverage area. Liquidity tends to be a magnet, especially when positioned above price during a recovery phase. If Bitcoin manages to break above the channel centerline and build acceptance, a move towards that $70,000 area could trigger a short squeeze, accelerating upside volatility as over-leveraged shorts are forced to close.

Overall, Bitcoin is in a transition phase. The short-term structure has improved, momentum is stabilizing and liquidity is under pressure. Yet the daily chart still shows that the price is trapped below a large dynamic resistance within a broader descending channel. Until that level is finally regained, the larger structure remains vulnerable.

The next daily close around the channel’s midline will likely determine whether this recovery evolves into a squeeze toward $70,000 and beyond, or whether it becomes another rejection that pulls the price back toward $62,000 and reactivates the dominant downtrend.