Bitcoin Faces Short-Term Pressure Ahead of Potential Recovery Target

Bitcoin faces short-term pressure after failing to break above $64,600. Analyst Kaz suggests this zone could mark the end of the bear market, leading to a speculative recovery targeting $160,000 to $180,000 over the next two years.

However, Bitcoin must hold above $49,300 to maintain this recovery outlook, with a series of higher lows needed to confirm a reversal. A break below this support could lead to deeper declines, while reclaiming $64,600 resistance is crucial to weaken short-term bearish momentum.