Bitcoin is facing major resistance once again, but the path upward remains crowded. The daily chart shows that BTC is testing the upper limit of the final price range, while short-term order book data indicates significant selling pressure above the current price.
Bitcoin tests the upper limit of the final price range in its third breakout attempt
From the charts, Bitcoin is trading within a large horizontal structure after a sharp decline. Since then, the price has repeatedly failed to maintain above the upper boundary. The previous two breakout attempts turned out to be false breakouts, meaning buyers pushed the price up to resistance but failed to sustain control. As a result, BTC fell back into the price range during both attempts.
Now, this structure appears somewhat different. The price has gradually reclaimed the lower FVG (frequently traded zone) and is now approaching the last upper FVG near the range high. This indicates that the recovery is stronger than previous attempts. Bitcoin was not immediately rejected but instead climbed back through several imbalanced areas and maintained this trend.
Nevertheless, the chart has yet to confirm a breakout. The upper FVG still acts as resistance, and this area coincides with the region where the previous false breakouts occurred. Therefore, this is a key level to watch. If Bitcoin breaks through the last FVG and closes above the range high, the market structure may shift more clearly in favor of buyers.
On the other hand, if BTC fails again at this level, the price range will remain unchanged. In that case, the trend would appear more like a rejection of resistance rather than the beginning of a sustained breakout. In such a scenario, the price could retreat to the middle or lower end of the range.
Thus, the main point is quite clear. Bitcoin has improved its position by clearing two upper FVGs, but the final test still exists. This third attempt could become a true breakout, but the chart still needs confirmation above the range high.
Bitcoin stalls after a sharp rise, whale order book shows strong selling pressure
Bitcoin has entered a pause after its latest rise, and the latest CoinGlass whale order book snapshot helps explain the reason. The 15-minute chart shows significant selling pressure between $72,400 and $73,600, while the largest visible buy orders are far below the current price, around $70,600, with a support amount exceeding $40 million.
The chart indicates that BTC is trading around $71,700 after a rapid rise. Since that spike, the price has begun to consolidate rather than continue to rise. This change suggests that the market is consolidating, and traders are reacting to the heavy cluster of sell orders above.
The most obvious resistance range is between $72,400 and $73,600. Multiple large red order blocks have accumulated within this range, indicating that sellers are waiting above the current price. As long as these orders remain unchanged, Bitcoin may struggle to rise further in the short term. Even if the price pushes upward, this area could slow the ascent or trigger another rejection.
Below, the strongest visible support indicated by the CoinGlass snapshot is around $70,600. This level is marked as the largest buy order on the board, with a support amount exceeding $40 million.