Bitcoin Bulls Defend Support as Analysts Eye $70K Target

1 hour ago 4 sources neutral

Key takeaways:

  • Bitcoin's failed breakout hints at weakening buyer conviction; a break below $63,500 could accelerate losses.
  • 4h MA crossover and CME gap could fuel run to $70K if $64,100 holds.
  • Short-term traders should monitor $63,500 as a breakdown level to hedge long positions.

Bitcoin has returned to a key support zone after failing to hold a recent breakout, leaving traders divided on the next move, according to two prominent analysts. The Moon Show noted that BTC slipped back below the $64,734 resistance level, signaling a potential short-term shift in favor of sellers unless buyers step in at the nearest support near $63,500. A strong reaction from this area is needed to avoid a deeper pullback toward $62,000–$62,500, the analyst warned.

Meanwhile, SuperBro highlighted a possibly bullish setup on the four-hour chart: Bitcoin is filling a CME gap while a 50-period and 100-period moving average crossover looms. If support around $64,100 holds and the crossover confirms, momentum could carry BTC toward $70,000 by month-end. Resistance is noted near $67,200, with the 200-period moving average sitting higher around $71,000. Failure to defend the current support zone could delay the breakout and increase downside risk.

Sources
Bitcoin Price Tests $64K After Hawkish Fed Signal
thecoinrepublic.com 18.06.2026 15:10
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