The post Bitcoin Breakout Attempt Fails as Rejection at Resistance Opens Door to $63K Revisit appeared on BitcoinEthereumNews.com.

TLDR: Bitcoin failed to hold above key resistance after a retest, signaling a classic rejection pattern for BTC. Analyst Dami-Defi warns that rallies below the yellow line are relief bounces with the $63K zone as next target. Coinbase continues selling into every bounce while spot inflows from institutions remain notably absent. A weekly close below $68K could confirm deeper downside, with analysts eyeing the $55K to $60K range. Bitcoin’s price action is drawing serious attention after a failed retest at a key resistance level. The rejection has shifted market sentiment toward the downside. Analysts are now pointing to the $63,000 demand zone as the next probable target. With no confirmed breakout and weak institutional inflows, the path of least resistance appears to trend lower in the near term. Failed Retest at Key Resistance Puts $63K in Focus Bitcoin broke above a critical resistance level but could not sustain the move. The price returned to retest that level and was firmly rejected. Analyst Dami-Defi flagged this as a textbook breakout attempt followed by retest and rejection. That sequence historically points toward a return into the previous trading range. this is exactly why I kept saying the yellow line was the decider. $BTC broke above it, tried to retest it (red circle), and now we’ve failed price got rejected and we’re back trading under that level again. That’s not breakout confirmed behavior that’s a classic breakout… https://t.co/u4JR1xsQNn pic.twitter.com/phRFUZ0e9H — Dami-Defi (@DamiDefi) March 28, 2026 Dami-Defi described the behavior as anything but confirmed breakout price action. A legitimate breakout holds above the broken level after the retest occurs. The failure to do so hands control back to the bears. He maintained a straightforward stance: bearish until the chart proves otherwise on closes. With BTC trading below the yellow resistance line, rallies carry little…

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Filed under: News - @ March 28, 2026 10:30 pm