Bitcoin Faces Potential Pullback Below $74,929 Support Level
Analyst Kamile Uray warns that Bitcoin could enter a pullback phase if it breaks below the $74,929 support level, potentially triggering a decline toward the $68,000–$71,000 Fibonacci zone. A sustained close above $78,213 on the 4-hour chart would be needed to reverse the bearish trend, according to the analysis.
Key Takeaways
- 1## Current Weakness and Support Levels Crypto analyst Kamile Uray noted that Bitcoin buyers are showing weakness as downside pressure continues building.
- 2The critical support level sits at $74,929, which the analyst says marks the final shoulder in an order block structure.
- 3A breakdown below this level, while remaining under the previous low of $76,044, could confirm the pattern and open the door to deeper losses.
- 4## Conditions for a Reversal For the bearish trend to reverse, Bitcoin would need to achieve and hold above $78,213 on the 4-hour timeframe, according to Uray.
- 5Failure to reclaim this level would likely result in further downside pressure.
Current Weakness and Support Levels
Crypto analyst Kamile Uray noted that Bitcoin buyers are showing weakness as downside pressure continues building. The critical support level sits at $74,929, which the analyst says marks the final shoulder in an order block structure. A breakdown below this level, while remaining under the previous low of $76,044, could confirm the pattern and open the door to deeper losses.
Conditions for a Reversal
For the bearish trend to reverse, Bitcoin would need to achieve and hold above $78,213 on the 4-hour timeframe, according to Uray. Failure to reclaim this level would likely result in further downside pressure. If support at $74,929 breaks, the analyst identified the $68,000–$71,000 region as a major Fibonacci support zone where renewed buying interest could emerge.
Path to Recovery
If stronger buying momentum returns from lower support levels, Bitcoin could attempt a recovery rally with resistance targets at $98,000 and the larger zone between $107,000 and $109,000. The analyst's analysis suggests the market structure is at a critical juncture, with the next few trading sessions likely to determine whether the decline continues or a recovery attempt begins.
Why It Matters
For Traders
Watch for a 4-hour close below $78,213 or above it—this will signal whether the described bear case or a recovery attempt is underway in the next 24–72 hours.
For Investors
Technical analyses predicting support tests do not reliably forecast long-term direction; broader market and macro factors remain more important for multi-month positioning.
For Builders
This article does not contain information that directly affects protocol development, infrastructure, or on-chain economics.
