Bitcoin has spent the better part of the past several weeks delivering a 
painful lesson to bulls. The largest cryptocurrency by market capitalization 
has shed more than 22% over the past month, slicing through support levels 
that many traders had considered established. Bitcoin is still trapped below a 
descending trendline, and the current structure still favors sellers unless 
price can reclaim important resistance levels. However, technical analysis 
projection leaves room for a recovery move if Bitcoin breaks out of the 
bearish trend and starts building momentum above confirmation levels. Bitcoin 
Inside A Bearish 4-Hour Structure Bitcoin&#8217;s 4-hour chart shows price action 
moving inside a bearish structure, with lower highs and lower lows forming 
under a descending resistance line since the swing high above $82,800 in May. 
The rejection from that swing high has now pushed Bitcoin below a weak low / 
liquidity sweep at $66,000, and the chart’s break of structure and change of 
character labels show how control moved from buyers to sellers. Related 
Reading: Analyst Calls Out Stagnant Logic Being Used On XRP, Predicts When 
Price Will Rally To $300 The bullish case does not come from a confirmed 
reaction at $66,000 but from the possibility that Bitcoin can reclaim lost 
structure after the recent breakdown. However, if Bitcoin begins to push back 
above the nearby confirmation area around $66,948 and then breaks above the 
descending trendline, the move could open the way for a climb into the higher 
resistance levels shown in the 4-hour chart below. Bitcoin 4-Hour Chart. 
Source: TradingView The Targets Stacked Above And What Each One Means A 
trendline break, confirmed alongside a strong 4-hour close above the 
descending structure, would not immediately resolve the current bearish mood 
Bitcoin is trading in. It would, however, initiate a move to resistance price 
levels that increasingly change the momentum in the favor of Bitcoin bulls. A 
stronger bullish signal would come only if Bitcoin pushes back above the 
descending trendline. The technical chart places this descending trendline 
around $71,495, and this is the level that could decide whether the recovery 
has enough strength to continue. A rejection below that price area would keep 
the bearish structure in place, but a clean break above it would challenge the 
current trend and allow bulls to trend higher price levels. Related Reading: 
Pundit Says Dogecoin Is About To Do Something Insane, Here’s What The next 
level is around $75,952. This is an intermediate resistance and breakdown 
level, which means it could become the next major test if Bitcoin breaks the 
resistance trendline. The highest and most significant target on the current 
structure is around $79,453, where the major resistance and bearish control 
level is located. Above that, the premium supply zone and institutional sell 
area stretches from approximately $77,000 to just above $82,000. Therefore, 
according to the projection drawn on the chart, a confirmed break of the 
current bear trend could send Bitcoin back into its May high of $82,000, where 
it could face another test of resistance. Featured image created with Dall.E, 
chart from Tradingview.com

Bitcoin has spent the better part of the past several weeks delivering a painful lesson to bulls. The largest cryptocurrency by market capitalization has shed more than 22% over the past month, slicing through support levels that many traders had considered established. Bitcoin is still trapped below a descending trendline, and the current structure still &#8230;

Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend

Visa has tested stablecoin settlement using Brale&#8217;s SBC token on the Canton 
Network, as global stablecoin issuance has surpassed $300 billion, according 
to S&amp;P Global Ratings. According to a joint announcement from Visa, Brale, and 
Canton Network participants, the companies…

Visa has tested stablecoin settlement using Brale&#8217;s SBC token on the Canton Network, as global stablecoin issuance has surpassed $300 billion, according to S&amp;P Global Ratings. According to a joint announcement from Visa, Brale, and Canton Network participants, the companies…

Visa tests private stablecoin settlement on Canton Network with Brale SBC

XRP is testing support near $1.09 as persistent selling pressure keeps the 
token pinned near recent lows. Weak momentum and bearish technical signals 
continue to favor the downside. XRP Downtrend Deepens as Sellers Keep Control 
At 10:14 a.m. ET on June 5, XRP was trading at $1.110, near its recent low of 
$1.091, after extending […]

XRP is testing support near $1.09 as persistent selling pressure keeps the token pinned near recent lows. Weak momentum and bearish technical signals continue to favor the downside. XRP Downtrend Deepens as Sellers Keep Control At 10:14 a.m. ET on June 5, XRP was trading at $1.110, near its recent low of $1.091, after extending &#8230;

XRP Sell-off Hits $1.09 as Traders Face Fresh Downside Risk

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regional tensions and could influence global diplomatic dynamics.
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Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend

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