Bitcoin is showing increasing signs of weakness as bear pressure continues to build below a critical technical level. With key support zones now under threat and reversal patterns starting to take shape, BTC may enter a decisive pullback phase that could determine the next major market direction.

Buyers continue to lose momentum as the decline deepens

Cryptocurrency analyst Kamile Uray he stated that Bitcoin buyers continue to appear delicate as the market faces another wave of downward pressure. The analyst explained that if BTC breaks below the key bottom at $74,929, it could confirm the completion of the last leg in the developing OBO structure while remaining below the previous low near $76,044.

Unless Bitcoin achieves a decisive 4-hour candle close above $78,213, the downtrend is likely to continue. A sustained break below $74,929 could open the door to a deeper decline towards the $71,000-$68,000 region, which has been identified as the main Fibonacci support zone.

Kamile Uray further explained that if stronger buying momentum finally emerges from lower levels, Bitcoin could make another recovery attempt. On any upward move, the market would need to clear resistance near $98,000 and then the larger resistance area between $107,000 and $109,000.

However, if Bitcoin struggles to maintain strength above the recent high near $126,199, the risk of another major corrective phase will remain dynamic. In the event of a much deeper decline, Kamile Uray highlighted that the $60,000 level stands out as a critical long-term support area that could play a major role in the future direction of the market.

Bitcoin’s bullish reversal structure is starting to turn bearish

Fellow cryptocurrency analyst Merry__PT did just that excellent that Bitcoin’s recent price action is undergoing a significant structural change. While the market initially formed a recognizable W bottom, a classic bullish reversal signal, this structure is now evolving into a head and shoulders top, which is historically seen as a symbol of a bearish reversal.

The most critical technical element that monitors progress is the blue horizontal neckline. This support zone underpins both the current structure and the potential for a larger trend change. Once the neck line is clearly defined and widely recognized by market participants, the Head and Shoulders formation will become critical.

If price confirms a break below this level, the pattern will likely turn from a mere technical observation into a true catalyst for a sustained pullback. In addition to this structural turn, the upcoming monthly candle close is crucial and is a key axis for assessing future market sentiment and direction.