Bitcoin Breakdown Confirmed: Bearish Continuation Looms Despite Short-Term Bounce Setup

Bitcoin’s recent price action confirms a clear structural breakdown, ending weeks of compression and shifting momentum to the downside. While a short-term bounce remains possible as price fills nearby imbalances, the broader outlook stays bearish. Unless key resistance levels are quickly reclaimed, any upside move is likely to be temporary, with further downside pressure expected.

Rising Channel Breakdown Signals Shift In Structure

According to a BTC update by crypto analyst Columbus, the market structure has finally broken down after weeks of compression. Price had been coiling within a rising channel, forming higher lows that pressed into overhead resistance. Instead of acceptance higher, Bitcoin faced rejection at trend resistance, followed by a decisive breakdown.

Current price action suggests continuation to the downside. What once looked like bullish compression has now transitioned into a potential distribution phase. Key liquidity levels now sit below. The $64,000 region stands as the first major magnet,