Bitcoin traders pointed to a tight decision zone after the latest selloff, with analysts split between a deeper washout and a recovery attempt. Two separate chart posts flagged key levels that could shape the next move, including a $68,000 pivot and a potential $80,000 retest.
Bitcoin chart compares current drop to 2022 bear market pattern
Bitcoin may still face more downside before any durable low forms, according to a weekly BTCUSDT TradingView chart shared by X user Aralez. In the post, Aralez said the market repeats a 2022 style bear pattern and warned traders not to rush into accumulation because “the bottom isn’t in yet.”
Bitcoin TetherUS 1 Week Binance. Source: TradingView via Aralez on X
The chart marked a key level near $68,000 with an orange horizontal line, then placed a green circle and “WE’RE HERE” label on that zone after a steep selloff and rebound attempt. It also drew a lower orange line around the mid $50,000s, framing a wider support band beneath current price action.
Aralez added a “Cycle Bottom” label below the lower band and used a red marker to suggest where a final low could land if the pattern continues. A projected path on the right side then showed a bounce from the lower area, followed by a climb back through the mid range and into higher resistance zones near $110,000 and roughly $125,000 to $130,000, which the chart highlighted as prior ceiling areas.
Trader highlights $80,000 retest goal as Bitcoin tests former support zone
Bitcoin’s next key test sits at a prior support and resistance band marked by a blue box, according to a chart update posted by X user Heisenberg, also known as @Mr_Derivatives. The analyst said bulls need to reclaim that zone first, then push toward the $80,000 area, which the post described as the top of the bear flag pole and an early step toward rebuilding a stronger structure.
Bitcoin to US Dollar Daily. Source: Heisenberg (@Mr Derivatives) on X.
The annotated chart framed the blue box as a long running pivot that previously acted as resistance and later as support, with the current move returning to that same area. The post described the zone as a “big battle” point, suggesting the market must hold above it to reduce the risk of another leg lower.
If the rebound fails, Heisenberg pointed to a lower green box as the next major support area, labeled around $47,500 to $52,500 on the chart. The analyst said they would look to increase buying interest if price reaches that lower band.
Source: https://coinpaper.com/14706/bitcoin-bears-target-lower-low-as-charts-flag-68-k-fight-and-80-k-retest
