Bitcoin is stuck in a consolidation pattern this week, trading between support at $57.8K-$60.2K and resistance at $66.2K-$66.8K on the daily chart. The range has narrowed on the 4-hour timeframe, where support sits at $61.8K-$62.2K and resistance at $64.9K-$66.8K. The recent sequence of lower highs suggests sellers have a slight advantage, but a large liquidity pool just below current lows shows buyers are actively defending that area.
What the charts show
The daily consolidation has been in place for several sessions, with Bitcoin unable to break above $66.8K or below $57.8K. On the 4-hour chart, the pattern of lower highs is a bearish signal — each rally tops out at a lower level than the one before. Still, the price hasn't broken down. A two-week liquidation heatmap reveals a concentration of liquidity just below recent lows, meaning stop-losses and short liquidations are clustered there. That's a zone where buyers have stepped in repeatedly.
Liquidity pools above and below
Above the market, a substantial liquidity pool sits around $66K-$67K. That's the kind of zone that can act as a magnet for price — if Bitcoin can push through resistance, that liquidity could fuel a move higher. On the flip side, a breakdown below $57.8K-$60.2K would invalidate the consolidation and likely trigger a deeper correction. For now, the price is expected to oscillate between these liquidity zones until a decisive breakout occurs.
What traders are watching
The key question is which side gives first. A breakout above $66.2K-$66.8K could open the door to a run toward $72K-$74K. A breakdown below $57.8K-$60.2K would flip the narrative bearish. With no major catalyst on the calendar this week, the market is left to trade on technicals and order flow. The next few sessions will show whether buyers can absorb selling pressure or if sellers finally push through support.
