Bitcoin Price Prediction: BTC Liquidity Signals $61K Sweep Before Next Rebound

However, the bearish move may not happen immediately. On lower time frames, Kaz sees a possible rebound toward the $65,000 order-block area before another decline. In that scenario, Bitcoin would first retest resistance near the top of its current range, giving sellers another chance to regain control if the recovery stalls.

The key confirmation would therefore come from how $BTC reacts at either boundary. A rejection near $65,000 would keep the bearish setup intact and increase the risk of a move through $62,200 toward $61,000. Conversely, a sustained breakout above the $65,000 resistance area would weaken the immediate short thesis and suggest that the current range is resolving higher.

For now, the chart favors caution on the upside. Bitcoin remains range-bound, but the heavier liquidity below current price means the $62,200-$61,000 region remains the main downside zone to watch.

Bitcoin Momentum Weakens Below $65,000 as $61,000 Comes Into Focus

Bitcoin’s daily chart is showing fading momentum as $BTC continues to struggle below the $65,000 area. Trader Ted says the loss of strength leaves room for another move lower before a potential reversal develops.

Bitcoin daily chart. Source: Ted (@TedPillows) on X

The chart shows Bitcoin near $63,108, extending a period of sideways trading after its sharp decline in June. Although $BTC has repeatedly approached the mid-$60,000s, buyers have so far failed to establish a sustained move above $65,000.

Ted highlights that weakness despite stronger performance in stocks and metals, suggesting Bitcoin is currently lagging other risk and hard-asset markets. From a technical perspective, that lack of follow-through keeps $65,000 as the main near-term resistance level.

The momentum picture also appears to be deteriorating. The daily MACD has flattened near its center line, while the histogram has slipped slightly negative. That signals that the bullish momentum seen during the earlier rebound is fading rather than accelerating.

If $BTC remains capped below $65,000, Ted sees scope for a pullback toward $60,500-$61,000. That area sits close to the lower end of Bitcoin’s recent trading structure and could become an important zone for buyers attempting to establish a reversal.

The scenario would become more convincing if Bitcoin first loses nearby support around the low-$63,000 area and extends toward $61,000. A strong reaction from $60,500-$61,000 could then support Ted’s reversal thesis, particularly if momentum begins improving at the same time.

On the other hand, a sustained move back above $65,000 would weaken the immediate downside setup by showing that buyers have regained control of the short-term range.

For now, Bitcoin remains caught between weakening momentum and stubborn resistance. The chart suggests the next meaningful move may come from a sweep toward $60,500-$61,000, but that remains a conditional scenario rather than a confirmed breakdown.