Long

bullish

Bitcoin

Resistance

<p>An analyst has observed that while <a href="https://coinpedia.org/price-analysis/bitcoin-btc-price-to-close-uptober-with-a-pullback-to-65k/" target="_blank" rel="noreferrer noopener">Bitcoin is currently maintaining a bullish breakout</a> on larger timeframes, short-term bearish divergence is beginning to take shape. This divergence signals a possible shift in momentum, with major liquidity building to the downside below the current price, hinting at a long squeeze.</p>   
<p>Looking at the four-day Bitcoin chart<a href="https://www.youtube.com/watch?v=_YfeYqSKeH0" target="_blank" rel="noreferrer noopener nofollow">, analyst Josh of Crypto World </a>said that there hasn’t been much change over the past day. The Super Trend indicator remains in the red but could flip to green with a confirmed breakout and a candle close above approximately $71,500. Meanwhile, the three-day chart has already transitioned to green, suggesting a more positive outlook.</p>   
<p>However, he said that as long as Bitcoin remains above the $66,000 mark, the overall price structure appears more bullish than bearish, despite any short-term pullbacks</p>   
<h2 class="wp-block-heading" id="h-short-term-price-structure"><strong>Short-Term Price Structure</strong></h2>   
<p>Bitcoin is holding above a previous resistance level, which is a positive sign in terms of a larger price structure. A long-term bullish trend can still show short-term pullbacks, just as a bearish trend can have brief rallies. Currently, while larger time frames suggest a bullish outlook, smaller time frames show bearish tendencies.</p>   
<p>Bitcoin is testing a previous resistance zone that could act as support, ranging from approximately $66,700 to $68,300. If this area holds, it would reinforce the bullish sentiment. However, if Bitcoin breaks below $66,700, further support is expected around $65,500 to $66,000, with additional support levels between $64,200 and $64,500.</p>   
<p>Resistance levels to watch for potential upward movement include local highs near $69,500 and significant resistance at around $72,000 and $73,500, which correspond to all-time highs.</p>   [post_titles_links postid="371142"]   
<h2 class="wp-block-heading" id="h-understanding-the-long-squeeze"><strong>Understanding the Long Squeeze</strong></h2>   
<p>The Bitcoin liquidation heat map reveals that liquidity is building to the downside between $66,400 and $66,500. With many new long positions being opened, a drop below $66,400 could trigger a liquidation event, potentially resulting in a long squeeze.&nbsp;</p>

Bitcoin Price Prediction: Long Squeeze Fears Resurface with $60K Retracement on the Horizon

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