Bitcoin has extended its recovery from recent lows and is currently testing a major resistance zone between $64,800 and $65,400 on the 4-hour chart. A confirmed breakout above this level would open the path toward daily resistance at $66,200 to $66,800, with a potential target of $72,000 to $74,000. Analysis of the two-week liquidation heatmap reveals a significant concentration of short position liquidations above the current price, particularly around $66,000. As long as Bitcoin remains below the declining 100-day and 200-day moving averages, the broader bearish structure remains intact, favoring consolidation conditions. Failure to break through immediate resistance could trigger a rejection back toward the $61,800 to $62,300 support level.
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