BTC Caught at Critical Juncture Since Yesterday: Can Bulls Hold the Line?

Since yesterday, Bitcoin has been painting a picture of indecision for bullish traders. The 3-hour uptrend remains technically intact, though the conditions feel precarious. Yesterday’s dip took BTC down to $67,300, which sparked a 12-hour rally pushing the price to $69,241 by this morning. However, the momentum has since reversed—for the past 8 hours, BTC has been sliding without any meaningful recovery signals. Currently trading near $67.87K, the current structure needs immediate attention as bears are testing resolve below critical resistance zones.

The Price Structure: Where Support Meets Uncertainty

The decline from the morning high of $69,241 has established a clear downtrend on the hourly timeframe. Bitcoin is now consolidating in a dangerous zone, hovering above—but still vulnerable to—key support levels. The nearest liquidity cluster sits between $66,885-$67,245, which coincides dangerously close to yesterday’s low. What makes this area particularly concerning is its proximity to trend resistance points marked by February 6 and 12 lows, suggesting a confluence of previous resistance that could act as either a bounce point or a breakdown trigger.

On the 5-minute chart, a third potential reversal low is forming, while the hourly timeframe shows a second such mark. These technical markers suggest the current decline may be approaching exhaustion, but the evidence remains ambiguous.

The Reversal Risk: Where Bulls Could Lose Control

For the bullish narrative to survive, Bitcoin would need to reverse sharply from current levels and spike through the liquidity zone without losing momentum—essentially making just a temporary dip. If BTC reaches $66,869 or worse, drops to $66,273, consolidation below trend resistance lines could break the 3-hour uptrend entirely.

If support fails and the lower targets get hit, the priority shifts dramatically from upside speculation to downside movement. The key is whether Bitcoin can orchestrate a quick turnaround at the liquidity zone or whether it will falter and trigger a larger pullback in the short term.

What Happens Next Matters

Coming hours will be decisive. Traders are watching for signs of reversal strength—whether BTC can hold above $66,885 and spark fresh buying, or if it will cascade through multiple support levels. The 3-hour uptrend framework hanging by a thread makes every price action in the $66,800-$67,200 band absolutely critical for determining whether bulls remain in control from yesterday forward.