BTC/USD Bearish Breakdown Below TrendlineBitcoin / U.S. dollarBITSTAMP:BTCUSDPRIMEALPHA-FXBTC/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.