Bitcoin's price has pushed up against the trendline that has capped its bear market since the asset's all-time high in October 2025. The last test of this level, in early May, ended in a rejection that dragged price down to a $60K bottom. A confirmed break now could open the way toward the $65,600 resistance level and the neckline of an inverse head-and-shoulders pattern.
Bitcoin has reached the trendline that has capped its bear market since the asset's all-time high in October 2025, and the price is now pressing directly into this level on the four-hour chart. The price has bunched beneath the line, alongside the $64,360 horizontal level, without yet breaking through.
Bulls face a two-level wall
A breakout would need to clear both the top of the descending channel and the $64,360 horizontal level, and shorter-term momentum is starting to fade. A rejection, followed by a stretch of downward or sideways price action, may be needed before momentum can rebuild enough for another attempt.
Breaking above the trendline could carry Bitcoin toward the $65,600 resistance level. That would put price near the neckline of the inverse head-and-shoulders pattern that has been forming, completing its right shoulder.
A rejection here would echo May
Bitcoin last tested this trendline in early May, when bulls tried and failed to break out. That rejection triggered a price collapse that carried Bitcoin down to a $60K bottom. About three months later, price has returned to the same trendline.
On the daily RSI, the indicator has fallen back to the bottom of the rising wedge it broke down from earlier. That level could either pull the RSI back inside the wedge or confirm the breakdown and send price lower again.
Weekly chart sets up a pivotal week
An earlier, fainter version of the trendline held until midway through the second bear flag and was retested at the $60K low. The trendline now in play, though, runs across the top of the second bear flag and the end of the prior bear market rally, and price has reached it once more.
The Stochastic RSI lines have separated, slightly reducing the odds of a bearish crossover. Those odds could still shift within the week.
Source: Crypto Daily
Trading involves risk.
Risk Disclaimer
