In last week’s analysis, we highlighted that Bitcoin was trading within a lateral consolidation zone, marked by the yellow rectangle on the daily chart. This range represented a period of balance between buyers and sellers following a stronger corrective move.

During the week, BTC briefly broke above this region, reaching $74,090.50, exceeding the projected resistance target. However, the move failed to sustain momentum, and price has since returned to trade within the same consolidation range, reinforcing the technical relevance of the zone previously identified.

This behavior reflects a classic principle of technical analysis:
when a breakout fails to maintain acceptance above a key level, the market often returns to the prior value area.

The consolidation zone remains the market’s equilibrium area

The yellow rectangle on the chart continues to represent the primary equilibrium zone for Bitcoin in the short term. Within this range, price repeatedly tests both the upper and lower boundaries, but without enough strength to establish a clear directional trend.

This sideways movement indicates a period of liquidity absorption, where market participants reposition before a potential larger move.

As long as Bitcoin remains within this structure, the dominant behavior tends to be range-bound movement, with price oscillating between support and resistance.

The resistance test reinforces the validity of the range

The move toward the $74,000 region was technically important because it showed that the market was capable of reaching the upper liquidity area of the projected structure. However, the rejection that followed indicates that selling pressure remains active at higher levels.

This type of behavior is typical in consolidation environments:
price briefly tests liquidity above the range, triggers orders, and then returns to the established trading zone.

From a structural perspective, this reinforces the idea that Bitcoin is still in a compression phase, waiting for a catalyst capable of driving a more sustained directional move.

Pivot points: key support and resistance levels

Looking at the daily pivot levels, we can identify important price zones that continue to guide market behavior.

Projected resistance levels

• R1 — $77,595

• R2 — $88,142

• R3 — $96,940

The R1 level remains the first significant resistance if Bitcoin regains bullish momentum and attempts to break above the consolidation structure.

Above this level, the market could target higher liquidity zones.

Central pivot

• P — $68,797

This level functions as an intermediate equilibrium point, often acting as a reference price within the consolidation range.

Projected support levels

• S1 — $58,251

• S2 — $49,453

If Bitcoin loses the lower boundary of the current consolidation structure, these levels become potential defensive zones for buyers, where price could attempt to stabilize.

In the short term, the region near $64,000 continues to act as an intermediate support within the range.