Bitcoin Reclaims $63,500 As Traders Watch For Squeeze Toward $67,000

Bitcoin’s recovery has given bulls something to work with again, but traders are still treating the move as a level-by-level test rather than a clean return to euphoria. View original TradingView chart TL;DR TradingView analyst kiv1n mapped a BTCUSDT long setup using liquidation levels, with an optimized target near $67,450. That Martini Guy said Bitcoin reclaiming $63,500 after a higher low near $62,400 makes it harder to stay aggressively bearish.

The key level across the bullish case is whether BTC can hold the reclaimed $63,500 area. A failed hold would weaken the long setup quickly, especially after recent liquidation-driven volatility. Liquidation Map Points To A Higher Target A TradingView idea from analyst kiv1n framed Bitcoin’s current setup through liquidation mapping rather than a simple support-and-resistance plan.

The original setup used a $63,700 entry, $66,900 take-profit, and $62,400 stop-loss. After adjusting the plan around liquidity clusters, the analyst moved the entry to $63,450, raised the exit to $67,450, and tightened the stop to $62,800. The reason for the adjustment was liquidity.

The analyst argued that the original stop sat awkwardly between liquidation zones, while the revised stop sits below a localized cluster of long liquidations around $62,953. In that view, a break below $62,800 would suggest the market is not just dipping but likely flushing deeper. The revised upside target was also more aggressive.

Instead of exiting at $66,900, the analyst pointed to a larger liquidity magnet around $67,559 and set the target just below it at $67,450. The goal is to front-run the area where a short-squeeze cascade could begin to lose momentum. $63,500 Becomes The Line Bulls Need To Defend The same level also appeared in commentary from That Martini Guy on X.

He noted that Bitcoin was trading around $64,300 after reclaiming the $63,500 support zone, arguing that many traders had become too convinced the earlier breakdown was real. His point was n