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Published: 12 June 2026,07:39
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BTC, H4:
Bitcoin has staged a technical rebound from its recent lows, but the recovery remains capped below the key resistance level at $64,000. This level coincides with the previous swing high and continues to act as a significant barrier, indicating that selling pressure remains concentrated around this price zone.
The inability to break above $64,000 suggests that market participants are still cautious, with sellers stepping in to defend the resistance area. As a result, Bitcoin remains at a critical juncture where the next move could determine its short-term direction.
Should BTC gather sufficient momentum and achieve a decisive breakout above the $64,000 resistance level, it would signal a strengthening bullish outlook and potentially trigger further upside. In such a scenario, the cryptocurrency could advance toward the next major liquidity zone above $66,000, where additional buying interest and stop orders may be concentrated.
However, the risk of rejection remains elevated. If Bitcoin fails to overcome the $64,000 barrier and encounters renewed selling pressure, the recovery could lose momentum and give way to another downside move. A rejection from this resistance zone may push BTC back toward the important psychological support level at $60,000, which remains a key area for buyers to defend.
Resistance Levels: 65,766.55, 69,236.20
Support Levels: 60,274.10, 57,975.80
XAGUSD, H4
Silver has staged a notable technical rebound from its recent low below the $63.00 level, recovering nearly 10% from the bottom. The rebound suggests that buying interest has emerged at lower prices, helping the metal recover from the intense selling pressure seen in previous sessions.
Despite the strong recovery, the broader technical outlook remains cautious. Silver has yet to surpass its previous swing high near $68.00, a level that also serves as a significant liquidity zone. As long as the metal remains below this key resistance area, the prevailing bearish structure remains intact, indicating that the recent rally may still be corrective in nature rather than the beginning of a sustained bullish trend.
The $68.00 level is expected to act as a major challenge for buyers. Given its significance as both a previous peak and a liquidity zone, the area could attract renewed selling pressure and potentially trigger another rejection. Such a scenario would reinforce the existing bearish trajectory and increase the likelihood of a renewed pullback.
However, if silver can gather sufficient momentum and achieve a decisive breakout above the $68.00 resistance zone, it would represent a significant shift in market structure. A successful break above this level would invalidate the current bearish outlook, confirm a bullish trend reversal, and potentially pave the way for a stronger recovery in the sessions ahead.
Resistance Levels: 69.67, 73.70
Support Levels: 65.30, 61.60
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