Bitcoin Price Analysis: Only a Break Above This Level Will Confirm BTC’s Recovery

Bitcoin has stabilized following its sharp decline from the mid-$80K region, with the price gradually making higher lows on the lower timeframes.

Although short-term momentum has improved, the broader trend remains challenged as BTC continues to trade beneath key moving averages and several overhead resistance zones.

Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC is trading around $65K after bouncing from the $60K demand area.

The recovery has been constructive, but the market remains below both the 100-day moving average near $69K and the 200-day moving average around $72K, leaving the broader structure tilted to the downside.