{"id":169833,"date":"2026-05-23T20:00:55","date_gmt":"2026-05-23T20:00:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=169833"},"modified":"2026-05-23T20:00:55","modified_gmt":"2026-05-23T20:00:55","slug":"bitcoin-could-be-entering-critical-pullback-phase-below-this-level","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=169833","title":{"rendered":"Bitcoin Could Be Entering Critical Pullback Phase Below This Level"},"content":{"rendered":"

Bitcoin<\/a> is showing increasing signs of weakness as bearish pressure continues building below a critical technical level. With key support zones now under threat and reversal patterns beginning to take shape, BTC could be entering a decisive pullback phase that may determine the market\u2019s next major direction.\u00a0<\/p>\n

Buyers Continue Losing Momentum As Decline Deepens<\/strong><\/h2>\n

Crypto analyst Kamile Uray stated<\/a> that Bitcoin buyers continue to appear weak as the market faces another wave of downside pressure. The analyst explained that if BTC breaks below the key bottom<\/a> at $74,929, it could confirm the completion of the final shoulder in a developing OBO structure while remaining under the previous low near $76,044.<\/p>\n

Unless Bitcoin can achieve a decisive 4-hour candle close above $78,213, the bearish trend is likely to continue. A sustained breakdown below $74,929 could open the door for a deeper decline toward the $71,000\u2013$68,000 region, which has been identified as a major Fibonacci<\/a> support zone.<\/p>\n

Kamile Uray further explained that if stronger buying momentum <\/a>eventually emerges from those lower levels, Bitcoin could attempt another recovery rally. During any upside move, the market would need to overcome resistance around $98,000, followed by the larger resistance region between $107,000 and $109,000.<\/p>\n

However, if Bitcoin struggles to maintain strength above the recent peak near $126,199, the risk of another major corrective phase would remain active. In the case of a much deeper decline, Kamile Uray emphasized that the $60,000 level stands out as a critical long-term support area that could play a major role in future market direction.<\/p>\n

Bitcoin Bullish Reversal Structure Begins Turning Bearish<\/strong><\/h2>\n

Another crypto analyst Merry__PT has noted<\/a> that Bitcoin\u2019s recent price action is undergoing a significant structural shift. While the market initially formed a recognizable W bottom, a classic signal of a bullish reversal, this structure is now evolving into a Head and Shoulders top, which is historically viewed as a symbol of a bearish reversal.<\/p>\n

The most critical technical element to monitor moving forward is the blue horizontal base neckline. This support zone is acting as the foundation for both the current structure<\/a> and the potential for a larger trend shift. Once this neckline is clearly defined and widely acknowledged by market <\/a>participants, the Head and Shoulders formation will gain significant validity.\u00a0<\/p>\n

If the price confirms a breach below this level, the pattern is likely to transition from a mere technical observation into a genuine catalyst for a sustained pullback. Beyond this structural pivot, the upcoming monthly candle close is key, acting as a pivotal axis for gauging future sentiment and market direction.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin is showing increasing signs of weakness as bearish pressure continues building below a critical technical level. With key support zones now under threat and reversal patterns beginning to take shape, BTC could be entering a decisive pullback phase that may determine the market\u2019s next major direction.\u00a0 Buyers Continue Losing Momentum As Decline Deepens Crypto […]<\/p>\n","protected":false},"author":0,"featured_media":169834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-169833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/169833"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=169833"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/169833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/169834"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=169833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=169833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=169833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}