Bitcoin Technical Analysis: Bullish Momentum Tests Key Resistance?

continues to trade within a well-defined ascending channel on the four-hour chart, following a series of higher highs and higher lows that confirm buyers remain in control of the broader trend. Despite the recent pullback from the upper resistance zone, the pair is still holding above its rising trendline, suggesting the current decline may simply represent a healthy retest of support before the next bullish leg, provided the price remains inside the ascending channel.

In my view, Bitcoin is facing a critical resistance zone between $66,400 and $66,800, where selling pressure has previously emerged. A decisive breakout and four-hour close above this range would reinforce the bullish outlook, opening the door for a move toward $67,200, followed by the upper boundary of the ascending channel near $67,600. As long as short-term momentum remains intact, buyers are likely to retain the upper hand.

Alternatively, a break below the ascending trendline and a sustained move under $65,200 would increase the risk of a deeper corrective decline toward the lower boundary of the channel around $64,000. Nevertheless, the broader technical outlook remains constructive while Bitcoin continues to trade above its key support levels, making a continuation of the prevailing uptrend more likely than a bearish trend reversal.

Support: $65,200 – $64,400 – $64,000
Resistance: $66,400 – $66,800 – $67,600

investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions. ” src=”https://media.investing.com/images/0ded50646cd640435ea76ce9b9002108_20260723040824.jpg” alt=” 23.07.2026 – BTCUSD – Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform. Disclaimer: The chart reflects the analyst’s opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions. ” width=”474″ border=”0″/>