Bitcoin is currently trading under strong bearish pressure after failing to hold above the rising trendline support on the 4H chart. The recent rejection from the resistance zone has shifted momentum in favor of the sellers, indicating that buyers are losing short-term control.

The price has broken below a key support area and is now testing an important demand zone. If BTC continues to trade below this broken trendline and fails to reclaim the 62,800–63,200 region, the market could see another wave of selling pressure toward the 60,300 support area.

On the upside, if buyers manage to defend the current support and push the price back above the key level, Bitcoin could stage a recovery toward the 64,500–64,800 resistance zone. However, that bullish scenario requires a confirmed breakout with strong buying volume.

A sustained move below current support could accelerate the bearish trend, while a recovery above the key level may trigger a short-term bullish reversal.

This analysis is shared for educational purposes only and should not be considered financial advice.