Bitcoin has spent much of the past few weeks teaching bulls a simple lesson. NewsBTC reports that BTC has shed more than 22% over the past month, cutting through support levels traders had treated as solid.
That matters because NewsBTC frames the current setup as structurally bearish. In its view, Bitcoin is still stuck below a descending trendline. Until BTC can reclaim key resistance levels, the chart “still favors sellers,” not a clean recovery.
The 4-hour chart: lower highs, lower lows
NewsBTC points to Bitcoin’s 4-hour structure. The report says price action has been printing lower highs and lower lows under a descending resistance line since a swing high above $82,800 in May.
The rejection from that May swing high has reportedly pushed BTC below a “weak low / liquidity sweep” at $66,000. NewsBTC also references “break of structure and change of character” on the chart, arguing that control moved from buyers to sellers.
Importantly, the bullish argument here does not hinge on a confirmed bounce at $66,000. NewsBTC says the upside case depends on whether Bitcoin can reclaim the lost structure after the breakdown.
What would count as a bullish breakout
NewsBTC lays out the conditions for recovery in two stages on the 4-hour chart.
First, BTC would need to reclaim a nearby “confirmation area” around $66,948. Then it would need to break above the descending trendline.
NewsBTC adds a sequencing point. A trendline break supported by a strong 4-hour close above the bearish structure would not instantly “resolve” bearish momentum. But it would, according to the projection in the article, start a move into resistance levels where bullish momentum can start to build.
For the decisive check, NewsBTC places the descending trendline around $71,495. That level becomes a fork in the road. The article says rejection below it would keep the bearish structure intact, while a clean break above it would challenge the current downtrend.
The stacked resistance targets
Once NewsBTC’s bearish structure is assumed to break, the article lists several overhead levels that it treats as the next tests.
NewsBTC’s projection sets:
- $75,952 as an intermediate resistance and breakdown level, which could become the next major hurdle.
- $79,453 as the highest and most significant target on the current structure, described as a major resistance and bearish control level.
- A premium supply zone and institutional sell area from roughly $77,000 to just above $82,000.
- Above that, the potential retest of May’s high around $82,000.
That last part is not framed as a guaranteed win for bulls. NewsBTC says a move back toward $82,000 would still likely bring another resistance test.
Key levels mentioned by NewsBTC (from the 4-hour chart projection)
| Level | NewsBTC’s role in the structure |
|---|---|
| $66,000 | Weak low / liquidity sweep that BTC broke |
| $66,948 | Nearby confirmation area to reclaim |
| $71,495 | Descending trendline that decides whether the recovery continues |
| $75,952 | Intermediate resistance and breakdown level |
| $79,453 | Major resistance and bearish control level |
| ~$77,000 to >$82,000 | Premium supply zone / institutional sell area |
| ~$82,000 | May high that could be revisited |
The practical takeaway from the chart read
NewsBTC’s core claim is that the chart still favors sellers unless BTC can regain lost structure and then clear the descending trendline.
The upside case in the article is conditional. It requires bullish follow-through on 4-hour closes and then acceptance above the trendline around $71,495. Without that, the report expects the bearish structure to remain in control.
All of these are technical projections, not assurances. Traders and holders should treat BTC as a risky asset, where any recovery move can fail and where invalidation levels are close enough to matter.
Image credit noted by NewsBTC: chart from TradingView. Featured image created with Dall.E.