Bitcoin is stuck just below $67K. The largest cryptocurrency is trading around $64.3K after another failed attempt to push higher. The daily chart shows a persistent bearish trendline, and price remains below both the 100-day and 200-day moving averages. Momentum is fading.
The $67K ceiling
That $67K level isn't random. It's where the descending trendline and horizontal supply area meet, forming a wall of selling. A daily breakout above that could change the narrative. Beyond it, the next targets are the $72K-$74K resistance zone, and then the $82K area. But so far, buyers haven't been able to clear it.
What happens if support fails
On the downside, Bitcoin is holding above the $60K demand zone. That's the line in the sand. If it breaks, the deeper $55K support region comes into play. The 4-hour chart shows a tightening symmetrical triangle between an ascending lower trendline and a descending upper trendline. Price is near the upper boundary, and a breakdown from this pattern could send BTC back toward $60K quickly.
Momentum on the 4-hour chart
The 4-hour RSI has surged toward the upper end of its recent range, approaching overbought territory. That suggests short-term momentum is building, but it doesn't guarantee a breakout. The triangle is getting tighter, which means a decisive move is likely. The first major hurdle on the 4-hour chart is the $66K-$67K resistance zone, which coincides with the longer-term descending channel.
What NUPL says about the cycle
Net Unrealized Profit/Loss (NUPL) has fallen from above 0.5 to approximately 0.18. That's a big drop. It means aggregate unrealized profits have been significantly reduced, and the metric is now below the 0.25 level, close to the lower end of its historical range. That's the kind of territory seen during major corrections, near capitulation. It doesn't support a euphoric late-cycle interpretation, but it also isn't a standalone bullish signal. The charts need to confirm a structural recovery, particularly through a breakout above $67K and the long-term descending trendline.
The coming days will tell whether buyers can finally clear $67K. If they can't, the $60K support will be tested again. Either way, the triangle is about to resolve.
