Technical View: BTC Struggles Below Resistance as Bears Remain in Control

Bitcoin remains under pressure after failing to reclaim the resistance zone $60,9K–61,2K, with price continuing to consolidate near $60K support. Although selling momentum has slowed, BTC is still trading below all major moving averages, keeping the broader market structure bearish.
📈 EMA Structure (Bearish)
20 EMA: $62,152
50 EMA: $66,336
100 EMA: $70,110
200 EMA: $76,179
Price remains below all four major EMAs.
The 20 EMA continues to act as the first dynamic resistance.
The 50, 100, and 200 EMAs remain sloping downward, confirming that sellers still control the higher timeframe trend.
👉 BTC needs to reclaim the resistance zone $62,1K–66,3K to shift short-term momentum bullish.
📐 Fibonacci & Market Structure
Price remains far below the Fibonacci 0,236 level at $75,613, confirming that the macro trend remains bearish.
BTC is attempting to hold the demand zone $59,9K–60,1K after sweeping recent lows.
However, the market continues to form lower highs and lower lows, meaning no confirmed bullish reversal.
A relief rally could target:
$60.9k
$61,240
$62,150 (20 EMA)
$66,336 (50 EMA)
Failure to hold current support could lead to:
$59.9k
$58.8k
A deeper decline if bearish momentum accelerates.
🧠 ICT / Smart Money View
Recent price action shows sell-side liquidity below June lows has been partially swept.
Several Fair Value Gaps (FVG) remain above the current price and could draw price higher if buyers gain momentum.
Market Structure Shift (MSS) remains bearish, with no confirmed higher high.
The current move appears as a corrective bounce within the broader downtrend, not the start of a sustained bullish reversal.
📉 RSI Momentum
RSI (14): 37.9
RSI has recovered slightly from oversold territory but remains below the neutral level of 50.
Momentum is stable but still favors bears.
Sustained movement above RSI 50 would strengthen the case for a short-term recovery.
📊 Key Levels
🔴 Resistance
$60,900
$61,240
$62,152 (20 EMA)
$66,336 (50 EMA)
$70,110 (100 EMA)
🟢 Support
$60.1k–59.9k
$58.8k (Major support)
Below $58,8K could open the door for another bearish leg.
📌 Final View
BTC is trying to stabilize around the $60K support zone after prolonged selling, but the overall market structure remains bearish. Price continues to trade below all major EMAs, while RSI stays below neutral, indicating buyers have not yet gained meaningful control.
✅ A sustained breakout above $62,1K–66,3K would improve short-term prospects and could trigger a recovery toward $70,1K.
✅ Reclaiming $70K+ would be the first significant signal that the broader trend is turning bullish.
❌ Losing the support zone $59,9K–58,8K could trigger another wave of selling.
Overall Bias: Bearish to Neutral. Short-term selling pressure is starting to ease, but bulls need to reclaim the EMA resistance cluster before a stronger recovery can be confirmed.
$BTC ‌