Bitcoin was on course to close the five-day workweek on the losing side after 
it slipped below $77,000 just before midday Friday. Crypto Market Cap Shrinks 
as Monthly Losses Loom Bitcoin was on course to close the five-day workweek on 
the losing side after it slipped below $77,000 just before midday Friday. 
According to data […]

Bitcoin was on course to close the five-day workweek on the losing side after it slipped below $77,000 just before midday Friday. Crypto Market Cap Shrinks as Monthly Losses Loom Bitcoin was on course to close the five-day workweek on the losing side after it slipped below $77,000 just before midday Friday. According to data &#8230;

Bitcoin Erases $77K Level as Bears Eye Negative May Close

A recent TradingView technical outlook suggests Bitcoin remains locked beneath 
a stubborn upper trendline resistance that continues to suppress bullish 
momentum. Despite several recovery attempts, BTC has repeatedly failed to 
break through the resistance zone, causing speculations that the price could 
push below $60,000. Bitcoin Trapped Beneath A Heavy Ceiling The TradingView 
chart highlights how this upper trendline has consistently acted as a ceiling 
for price action, rejecting Bitcoin each time buyers attempt to push higher. 
That resistance area also overlaps with key Fibonacci retracement levels, 
making it an increasingly important barrier within the current market 
structure. Related Reading: Pundit Predicts What Will Happen To XRP When 
Exchanges Run Out Of Supply Current price action appears to support that 
outlook. Bitcoin has struggled to sustain upside momentum and recently slipped 
lower after another rejection near the top of the rising formation. Attention 
is now shifting toward the $73,000 to $75,000 support region, which analysts 
view as critical for maintaining the broader bullish structure. The setup also 
shows a narrowing wedge-like recovery structure developing after Bitcoin’s 
earlier selloff. However, rather than breaking upward decisively, BTC has 
started rolling over near resistance once again, signaling that the market 
still lacks the momentum needed to overpower the upper trendline. This 
weakness is already becoming visible across broader market performance 
metrics. Bitcoin remains under pressure on higher timeframes and has recorded 
losses across the weekly and 14-day charts. For bullish momentum to regain 
strength, analysts say Bitcoin must finally break above the upper trendline 
resistance with strong conviction. Until that happens, the current price 
action continues to reinforce the idea that the trendline ceiling remains 
firmly in control of the market. Can Bitcoin Crash Below $60,000? While the 
dominant outlook favours Bitcoin breaking the upper trendline to regain 
bullish momentum, analysts are not dismissing the possibility of a much deeper 
flush if key supports collapse. The immediate downside focus sits between 
$69,000 and $66,000, where another major support region intersects with the 
rising trendline structure from previous swing lows. A move into that range 
would likely represent an aggressive but technically acceptable retracement 
within the broader cycle. Related Reading: XRP Analyst Reveals The Real 
Catalysts; ‘The Price Discovery Will Be Biblical’ The more concerning scenario 
emerges if Bitcoin loses the $66,000 threshold entirely. According to the 
chart, that breakdown would invalidate the current ascending support framework 
and potentially trigger a broader risk-off reaction across crypto markets. In 
that situation, volatility could increase rapidly. Liquidity gaps below 
current price levels may expose Bitcoin to a sharp capitulation move capable 
of driving price beneath $60,000 before stronger demand returns. There is also 
a hint at the possibility of a panic-driven wick stretching toward the 
low-$50,000 region if market conditions deteriorate aggressively. For now, 
however, the market remains at an inflection point rather than in confirmed 
collapse. The behavior of buyers around the $73,000 to $75,000 area will 
likely determine whether Bitcoin resumes its climb toward six-figure territory 
or slides into a much deeper corrective phase. Featured image created with 
Dall.E, chart from Tradingview.com

A recent TradingView technical outlook suggests Bitcoin remains locked beneath a stubborn upper trendline resistance that continues to suppress bullish momentum. Despite several recovery attempts, BTC has repeatedly failed to break through the resistance zone, causing speculations that the price could push below $60,000. Bitcoin Trapped Beneath A Heavy Ceiling The TradingView chart highlights how &#8230;

Bitcoin Upper Trendline Resistance Is Holding Price Back, Can It Push It Below $60,000? Analyst Answers

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Bitcoin Erases $77K Level as Bears Eye Negative May Close

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