BTC/USD Bearish Breakdown Below Trendline

Jun 25

BTC/USD remains under strong bearish pressure after breaking below a long-term descending trendline resistance and the Ichimoku Cloud on the 1-hour chart. Price experienced a sharp sell-off from the 65,500 region and dropped into the key support zone around **59,300–59,500**, where buyers stepped in to trigger a rebound.

The current recovery attempt is targeting the nearby resistance level at **62,730**, which aligns with a previous support-turned-resistance area and the lower boundary of the bearish cloud. As long as price remains below the descending trendline and the Ichimoku Cloud, the broader outlook stays bearish.

**Target:** 🎯 **62,730**

**Key Support:** 59,300–59,500
**Key Resistance:** 62,730
**Bias:** Bearish recovery / corrective bounce within a downtrend.

Jun 25

Trade active

active active

Jul 5

Trade closed: target reached

my given target is achieved