Bitcoin has returned to a critical technical zone as sellers keep pressure on the price. On the weekly Binance chart, BTC is trading near $74,618, down from a recent high around $87,500. Analysts are watching a support band between $67,000 and $75,000, with particular attention on the $70,900–$72,500 area. This region includes a monthly breaker block and a weekly Imbalance Fair Value Gap (IFVG), which could attract buyers and provide a base for a potential rebound toward $87,500. A drop below $67,000 would weaken the bullish outlook.
The daily chart shows Bitcoin has slipped beneath the lower boundary of the $75,000–$78,000 demand zone after repeated tests. A previous recovery toward $81,000 was rejected, and the price continues to form lower highs and lower lows. If BTC closes below $75,000, the ascending channel’s lower boundary near $73,000 becomes the next technical reference. A decisive break below that trendline would expose the $67,800–$69,800 demand zone. Reclaiming $75,000 would reduce immediate downside pressure, but buyers would still need to recover $78,000 to signal a more meaningful recovery.
On the four-hour chart, Bitcoin broke below its descending channel and a recent consolidation base, with the $75,500–$77,000 decision zone now acting as overhead resistance. The initial selloff reached about $73,500, and a bounce toward $75,500 was rejected. Liquidation data from Binance shows a concentration of estimated long liquidations near $73,000–$73,500, while overhead clusters sit around $76,500–$77,500 and $81,000–$82,000. As long as BTC remains below the decision zone, another test of the $73,500 low remains plausible. A sustained recovery through $75,500–$77,000 would be needed to shift focus toward higher liquidation levels and a possible move toward the descending channel’s upper boundary near $79,000–$80,000.
