This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point
Bitcoin is at a key resistance zone after repeated failed relief rallies and lower highs on the daily chart. Price is around $62,950, with bulls trying to hold above $60,000 after several days of heavy selling. The current structure resembles a prior breakdown: Bitcoin was rejected near $82,000, fell out of its ascending channel, and now shows bearish engulfing candles. The near-term roadmap points to a break below $60,000, then declines toward $53,000 and possibly $47,000 by July, forming a final corrective C-wave low. After that, the projection turns bullish, with a recovery toward $87,000 and a longer-term extension to $151,000 by January 2027. Market sentiment remains divided between fear and opportunistic accumulation. Strategy recently bought 1,550 BTC for $101.3 million, helping stabilize sentiment, but a clear bullish reversal has not yet been confirmed.
