Technical analysis of Bitcoin&#8217;s price action on the daily candlestick 
timeframe places the cryptocurrency around the same resistance region where 
previous relief rallies have failed, turning the current price area into a 
major decision point for the next phase of the market. At the time of writing, 
Bitcoin is trading around $62,950, and bulls are trying to stabilize above 
$60,000 after a recent few days of heavy selling pressure. On-chain analyst 
VoidOnChain has laid out a precise roadmap that maps the path from current 
price action, but the roadmap does not promise an immediate recovery. Bitcoin 
Returns To The Zone Where Relief Rallies Keep Failing The Bitcoin daily chart 
reveals a pattern of diminishing relief rallies, each one failing at a lower 
high. Looking at the earlier structure on the chart below, BTC moved through 
an ascending channel, pushed into a sell zone in late 2025, and then broke 
down. Related Reading: Has The Bitcoin Price Crash Ended Or Is This Just The 
Beginning? Analyst Answers The current setup shows a similar sequence, with 
Bitcoin already rejected from the bull trap level around $82,000 in May 2026 
before sliding into the lower range. Since then, Bitcoin has been trending 
downwards and has broken the lower trendline of the channel. Daily 
candlesticks since the breakdown have been fully bearish engulfing, and this 
has caused the Bitcoin price to approach a buy zone below $50,000 that acted 
as a buy zone in 2023. Interestingly, the roadmap laid out in the chart, as 
shown below, begins with Bitcoin breaking below $60,000 before a move to the 
buy zone around $53,000 and then $47,000. What To Expect For The Next Three 
Months The analyst&#8217;s near-term outlook carries a specific sequence: $60,000 as 
an immediate target, $53,000 as the next key level expected as early as next 
week, and a deeper flush to $47,000 by July that establishes the ultimate low. 
This move corresponds to a C wave on the chart, the same as the C wave that 
played out from January to early February 2026. Related Reading: Here’s Why 
The Bitcoin Price Is Crashing And What To Expect Next Once the corrective 
structure completes, VoidOnChain&#8217;s roadmap projects a recovery to $87,000 
initially, followed by an extension to $151,000 by January 2027. The Bitcoin 
market is currently split between fear and buying by some savvy traders. Bears 
controlled the market over the weekend, but selling pressure has started to 
ease during the week. Strategy also added to the accumulation narrative after 
announcing a $101.3 million Bitcoin purchase between June 1 and June 7, 
acquiring 1,550 BTC at an average price of $65,333. The purchase helped calm 
some concerns that followed Strategy’s earlier Bitcoin sale, which had weighed 
on market sentiment. Still, many crypto analysts believe Bitcoin has yet to 
deliver a clear bullish confirmation, and Bitcoin might undergo another crash 
to an accumulation zone. Featured image from Pixabay, chart from 
Tradingview.com

Technical analysis of Bitcoin&#8217;s price action on the daily candlestick timeframe places the cryptocurrency around the same resistance region where previous relief rallies have failed, turning the current price area into a major decision point for the next phase of the market. At the time of writing, Bitcoin is trading around $62,950, and bulls are &#8230;

This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point

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This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point

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