Bitcoin Recovers on Improved Sentiment, But Faces Key ResistanceBitcoin / U.S. dollarBITSTAMP:BTCUSDFM-ForexMastermind1. Market Overview Bitcoin recovered slightly on Monday after declining 3.70% last week. Positive developments from the US-Iran negotiations have helped ease concerns over geopolitical tensions, improving overall risk sentiment among investors. 2. Technical Analysis A. Market Structure BTC is currently trading above the 64,000 USD area after a strong rebound from the 62,300 USD low. However, the short-term trend remains in a consolidation (sideways) phase as price has not yet broken above the key resistance zone. BTC’s repeated reactions around the 64,400 – 64,600 USD area indicate that sellers are still actively defending this region. B. Key Levels The key resistance zone at 64,450 – 64,650 USD remains the decisive area for BTC’s next move. 🔵 Bullish Scenario: If BTC manages to close a clear H4 candle above 64,500 – 64,600 USD. This would confirm a breakout from the current consolidation range. The next potential targets could be: 🎯 65,500 – 66,000 USD (Fibonacci area and supply zone) A breakout above this level could attract stronger buying momentum. 🔴 Bearish Scenario: If BTC continues to fail at the 64,500 USD resistance and shows rejection signals. Price could potentially return to retest the support zones: ➡️ 63,300 USD ➡️ 62,300 USD (range low) A breakdown below 62,300 USD could increase the risk of a deeper decline. 3. Outlook Currently, BTC is in a recovery phase after the previous sharp decline, with buyers attempting to regain control. However, the 64,500 USD area remains the key barrier for further upside. At the same time, positive geopolitical developments may improve market sentiment and support Bitcoin’s recovery during today’s session. wishing you a successful trading day