Bitcoin Price Analysis: BTC’s Rally Means Nothing Until It Reclaims This Key Level

Bitcoin remains trapped in a broad corrective structure, with the price currently near $64.3K after failing to reclaim several important resistance levels.

The daily chart shows a persistent bearish trendline and weakening momentum, while the 4-hour structure suggests that the asset is compressing inside a narrowing range.

Meanwhile, NUPL has fallen sharply from cycle-high territory, indicating that aggregate unrealized profits have been significantly reduced. Bitcoin Price Analysis: The Daily Chart Bitcoin’s daily chart remains technically cautious.

The price is trading below the descending white trendline and the 100-day and 200-day moving averages. This alignment keeps the broader trend tilted to the downside until BTC can reclaim these dynamic resistance levels.