Bitcoin breaks rising channel, signals move toward $64k and $62k support

Bitcoin breaks its rising channel and shifts momentum lower. $64k–$62k sit below; a fast reclaim of $68k is crucial (Columbus on X, NewsBTC breakdown).

Price compressed for weeks. Then rejection hit trend resistance. A decisive breakdown followed (Columbus on X, NewsBTC breakdown).

The path now points lower. Liquidity sits at $64k first. Then a deeper sweep near $62k if selling accelerates (Columbus on X, NewsBTC on flows).

Any bounce likely retraces imbalances. Upside remains a fade unless the channel is reclaimed and $68k holds as support (Columbus on X, NewsBTC on supply).

On 4H, structure flipped bearish. A weekend bounce is possible from weekly lows. But imbalances above tend to get filled (Mingarithm on X, NewsBTC options gauge).

Key intraday levels now:
- Retest to $67.3k can unfold if OB holds (Mingarithm on X, NewsBTC targets)
- A reclaim there could extend to $68.8k, a supply zone for continuation lower (Mingarithm on X, NewsBTC resistance map)

Headline
Bitcoin breaks rising channel; $64k–$62k in play, $68k reclaim needed