4
Bitcoin is testing a key technical level while a separate liquidity chart points to stronger pull from lower levels. Together, the setups show a market stuck between holding a breakout and sliding deeper into its range.
Bitcoin Retests Breakout Level as Trendline Comes Back Into Play
Bitcoin moved back toward a previously broken trendline as the BTC/USDT four hour chart showed price testing the level again after a recent decline. Analyst Kamran Asghar noted that Bitcoin is now retesting the breakout zone, which previously acted as resistance.
Bitcoin Trendline Breakout Retest: Source: Kamran Asghar on X
The TradingView chart shows a descending trendline that capped several rallies during February. Earlier this month, Bitcoin pushed above that line during a sharp move that lifted price toward the $73,000 to $74,000 region. However, after reaching that peak, the market pulled back and drifted toward the same trendline.
Recent candles show Bitcoin stabilizing near the $67,000 to $68,000 range while approaching the trendline from above. This type of movement often appears when price checks whether a former resistance level can turn into support. If the structure holds, the breakout would remain valid.
At the same time, the chart highlights a small rounding pattern forming near the retest area. That shape suggests price is attempting to steady after the pullback instead of continuing lower immediately. As a result, the current zone becomes important for short term direction.
If buyers defend the trendline, Bitcoin could regain upward momentum and attempt another move toward the recent highs. However, if the level breaks, the chart would suggest that the earlier breakout failed and that the market may search for support at lower levels.
Bitcoin Stays Range Bound as Lower Liquidity Zone Remains in Focus
Bitcoin continued rotating inside its broader range after rejecting a move above channel resistance, according to heatmap analysis shared by Columbus. The chart suggests that, unless buyers reclaim the upper boundary of the channel, liquidity below remains the stronger draw.
Bitcoin MMT Heatmap Range Structure: Source: Columbus on X
The MMT heatmap shows dense liquidity bands concentrated under the recent trading zone, with the clearest lower cluster sitting around the mid $64,000 to $65,000 area. That matters because price often moves toward these high liquidity zones when the market lacks enough strength to break resistance. In this case, the failed move above the channel reinforced the idea that the breakout did not hold.
Columbus said the structure still favors rotation while Bitcoin stays capped below channel resistance. The chart supports that view because price drifted lower after the rejection and remained within range conditions instead of starting a fresh trend. As a result, the lower liquidity pocket continues to stand out as the main downside magnet unless buyers retake the upper channel level.
coindesk.com
1
cointelegraph.com