Bitcoin has lost more than a fifth of its value over the past four weeks, falling over 22% as a persistent descending trendline keeps the pressure on. The move lower follows a swing high above $82,800 in May and has left the world's largest cryptocurrency trading below a series of lower highs and lower lows. On the 4-hour chart, a clear break of structure now points to seller control.
Where the breakdown stands
Since the May peak, Bitcoin has churned through lower highs, finally slicing through a key support zone that had held for weeks. The break of structure is a technical signal that momentum has shifted from buyers to sellers — at least for now. The price is currently hovering below a descending trendline that has capped every relief rally since the selloff began.
The $66,000 liquidity zone
Just below the current price sits a weak low and liquidity sweep level at $66,000. That's where a cluster of stop-loss orders and short-term longs could get triggered, potentially accelerating the drop if the bears push through. A nearby confirmation area for any bullish reversal sits around $66,948 — a reclaim above that level would suggest buyers are trying to build a base.
The trendline that matters
The descending trendline itself is placed near $71,495. That number could determine the strength of any recovery attempt. A clean break above it would signal the downtrend is weakening. If the price bounces off it again, the sellers remain firmly in charge. The next intermediate resistance after clearing that line sits around $75,952.
What lies above
Should Bitcoin manage to shake off the bear trend, the highest significant target on the current chart structure sits near $79,453 — a major resistance and a previous bearish control level. Beyond that, a premium supply zone and institutional sell area extends from roughly $77,000 to just above $82,000. A confirmed reversal could send Bitcoin back toward its May high of $82,000, but that path runs through several hard walls first.
