Bitcoin Bears Eye Lower Levels As TradingView Analysts Flag Failed Recovery
Bitcoin’s weekend bounce is still being treated by several TradingView analysts as a retest, not a confirmed reversal. The main bearish view is that BTC has broken down from a multi-month symmetrical triangle and remains below both former support and the Ichimoku cloud, keeping downside pressure intact unless price reclaims lost structure. Key resistance sits around $73,200 and $75,600, with downside targets near $54,000 and $47,500. Short-term charts also look weak: one setup shows Bitcoin breaking below an ascending channel and retesting former support around $63,600–$63,980 as resistance. Another places BTC below an EMA cluster near $64,050–$64,970, making $64,000–$65,000 a likely supply zone if the rebound stalls. Overall, the rally is conditional: a strong close above $64,000–$65,000 would weaken the bearish case, while failure there could trigger another leg lower.
