Bitcoin is testing the $63,000 resistance zone as traders watch for directional signals between bearish and bullish scenarios. Analyst Kaz entered a short position near $63,300 after Bitcoin swept liquidity above $63,200, targeting a pullback toward $60,000-$61,000 if the level fails to hold. Analyst CryptoFrog identifies $65,700 as the next major resistance if Bitcoin confirms a breakout above $63,000, with a weekly close above that level potentially strengthening the bullish case. The dual setups reflect technical analysis of Bitcoin's price action around key resistance zones.
Analyst Kaz Targets $60K-$61K Pullback After Bitcoin Sweeps $63.2K Liquidity
Bitcoin cleared the $63,200 liquidity zone, but analyst Kaz says the move could turn into a short-term rejection. The chart shows BTC pushing into the $63,250 area after sweeping upside liquidity above the previous range high.
Kaz said price cleared the $63,200 liquidity earlier than expected, but the broader idea remains the same. The analyst entered a short near $63,300 and is targeting the $60,000-$61,000 area. That zone would mark the first major downside target if sellers take control after the liquidity sweep.
Kaz noted that BTC could still push slightly higher toward $63,700 before reversing, although he sees that as less likely. The chart marks the $63,200-$63,700 area as a bearish pivot point, with a projected drop toward lower support. The analyst expects some choppy price action around the current resistance zone.
Analyst CryptoFrog Identifies $65.7K as Next Major Resistance Level
Analyst CryptoFrog says a confirmed breakout above $63,000 could open the door to $65,700. The chart shows BTC rallying into a major resistance zone near $63,000 after recovering from its lows.
CryptoFrog said price looks like it is trying to push through the $63,000 level. A clean breakout above $63,000 would be a strong short-term signal for bulls. The analyst described the $65,700 area as a macro resistance level and said it could become the key signal for the longer-term direction.
A weekly close above $65,700 would strengthen the bullish case and suggest buyers are taking control beyond the short-term chart. CryptoFrog noted the setup still carries rejection risk. If BTC fails at $65,700, the level could become another area where sellers step in.
FAQ
What price levels are analysts watching for Bitcoin?
Analyst Kaz is targeting $60,000-$61,000 if Bitcoin fails to hold above the $63,200-$63,700 resistance zone after sweeping liquidity. Analyst CryptoFrog identifies $65,700 as the next major resistance if Bitcoin confirms a breakout above $63,000.
Why did analyst Kaz enter a short position on Bitcoin?
Kaz entered a short position near $63,300 after Bitcoin swept liquidity above $63,200. The analyst views the $63,200-$63,700 area as a bearish pivot point and expects a potential pullback toward $60,000-$61,000 if sellers take control.
What would a weekly close above $65,700 indicate for Bitcoin?
According to analyst CryptoFrog, a weekly close above $65,700 would strengthen the bullish case and suggest buyers are taking control beyond the short-term chart. CryptoFrog described $65,700 as a macro resistance level that could signal the longer-term direction.
