BTC has recovered above the critical lows, breaking through the "Bullish Wedge" pattern.

LiquidatorFlash

2026-03-06 10:04:54

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Bitcoin has shown significant recovery in recent hours, rising above key support levels after attempting to return to critical lows. This rebound from an important liquidity zone demonstrates the struggle between buyers and sellers as they try to break through the formed upward price pattern.

Recovery from the liquidity zone and bounce from the low

On the 30-minute timeframe, BTC successfully entered an upward trend phase after bouncing from the liquidity zone between $62,459 and $62,653. This is a critical zone, as it is where liquidation orders were previously concentrated. The recovery above these lows is the first sign that buyers are trying to regain control.

The nearest technical targets on this interval are $64,486 and $64,908. However, a decisive moment will be when the asset transitions into a stable upward trend on the hourly timeframe, opening the way for a full “Bullish Wedge” pattern with a target level around $67,296.

Multi-level support and resistance

According to the P73 Key Horizontal Levels indicator, analysts highlight the following structure:

Nearest resistance levels:

$64,811
$65,641
$67,300

Nearest support levels:

$63,816
$63,318

The price range of $64,625–$65,056 represents the first expected consolidation zone if the upward trend on the hourly interval is confirmed. The next wave of growth could reach levels of $68,116–$68,257.

Scenario in case of new decline: danger to the growing position

If the price returns to the liquidity zone between $62,459 and $62,653 and cannot hold there, the next significant supports are considerably lower—around $60,633–$60,827 and a round level of $60,000.

Such a scenario means that if the price drops again to near $62,000, buyers could face a large downward impulse, potentially down to $2,000. This underscores the importance of maintaining BTC above the identified lows, as further downward movements could lead to more substantial losses for long positions.

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