Bitcoin Price Bulls Eye $65K as BTC Tests $64,360 Resistance
Bitcoin price action is stuck under the $64,360 resistance after multiple failed breakouts on the 4-hour chart. Analyst Ali Charts says BTC is retesting the $64,327–$64,360 ceiling, where repeated rejections have acted like a short-term floor for sellers. A decisive close above $64,360 could invalidate the rejection pattern and open upside toward $65,600, and potentially $67,200.
Separately, analyst Skew reports a first 4-hour bullish trend flip since Bitcoin traded above $80,000. The BTC perpetual futures 4-hour chart has shifted from bearish to bullish, with the trend indicator turning positive and the chart showing early uptrend coloring. This suggests momentum is improving, but it is still an early signal rather than full confirmation of a larger reversal. Traders are watching whether Bitcoin price can hold above the reclaimed short-term trend ribbon.
Net takeaway for traders: Bitcoin price is at a decision point—either bulls convert $64,360 into support for a move toward the next resistance zones, or sellers reassert control and trigger consolidation or another pullback.
Neutral
The article shows a tug-of-war rather than a confirmed trend change. On one hand, Bitcoin price is repeatedly rejected at $64,360, which historically acts as a ceiling until buyers can sustain closes above it. On the other hand, the first 4-hour bullish trend flip since the $80K area suggests short-term momentum is attempting to recover, but the report itself calls it early and unconfirmed.
In similar past setups, BTC often produces short-lived relief rallies after a 4-hour momentum flip, then stalls if the key resistance does not convert into support (leading to range trading and liquidity-driven wicks). If bulls secure a clean close above $64,360 and hold the reclaimed trend ribbon, the odds increase for a continuation toward $65,600 and $67,200. Failure to absorb supply near the resistance would likely keep Bitcoin price constrained and raise the probability of another pullback to lower supports in the recent range.
So the expected near-term market behavior is choppy and level-sensitive (neutral), with direction depending on whether $64,360 flips from resistance to support.