Bitcoin Analysis – 28.May.2026

Bitcoin Analysis: By analyzing the #Bitcoin chart on the 4H timeframe, we can see that over the past few days BTC shifted into a bearish corrective phase. After reaching the $78K region, strong selling pressure entered the market and pushed price all the way down toward $72,400.

Currently, Bitcoin is trading around the $72,700 region and at this stage we are mainly watching two possible scenarios for the next move.

The first scenario is another bearish leg toward the key $70,500 – $71,500 demand zone in order to collect deeper liquidity before buyers step in again. In that case, the first bullish recovery target would be the $75K region.

The second scenario is a direct bullish recovery from the current levels without another deeper sweep, where BTC could push back toward $75K immediately if buyers regain momentum quickly.

From a structural perspective, the nearest demand zones are located around $70,500 – $71,500, with deeper support sitting near $68K – $69K. On the upside, the closest supply zones are forming around $74,500 – $75,500, followed by the stronger resistance cluster between $77K – $78K.

For now, the market is sitting inside a very sensitive area and the next reaction around these demand zones could determine the next major move for Bitcoin.
(This Post on TradingView)

Author : Arman Shaban
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