Bitcoin Stalls at $64,600 as Bear Market End in Sight

Bitcoin is facing pressure after its rebound stalled below $64,600, leaving it vulnerable to another decline towards immediate support.

A broader chart analysis suggests that a final move into the $49,000-$59,000 zone could mark the end of the bear market before a potential recovery towards $160,000-$180,000.

Trader Kaz's chart places Bitcoin near the upper boundary of its proposed bidding zone after a prolonged decline from its previous record high. He expects price to consolidate inside this area and possibly form one more lower move before the broader bear-market phase ends.

Holding above roughly $49,300 would preserve the recovery scenario, while a sustained breakdown below that level would weaken the bottoming thesis and expose Bitcoin to a deeper correction.