Castillo Trading and Justin Bennett have published technical analysis projections indicating Bitcoin may target the $74,000-$76,000 range before experiencing a decline toward the low-$50,000 area. Castillo Trading's analysis references a pattern tied to the 2026 U.S. midterm elections, while Bennett identifies key liquidity levels at $61,300 and $67,300 that Bitcoin is currently testing. Both analysts note Bitcoin is trading within a broad range, with the lower boundary near $60,000 and resistance forming around $70,000-$71,365.
Castillo Trading Projects Rally to $76K Before Post-Midterm Decline
Castillo Trading's chart places Bitcoin below the midpoint of a broad range, with the lower boundary near $60,000 and the median around $70,000. The analysis states that a recovery above $65,683 would first open the path toward $70,000-$71,365. Stronger momentum would bring the $74,492-$76,696 premium zone into focus, which Castillo Trading identifies as an area that includes the 2025 yearly open and several volume-based resistance levels.
The projected post-midterm path shows BTC moving below $60,000 and toward approximately $51,000-$56,000. Castillo Trading notes that reclaiming $70,000 and holding above the premium zone would weaken the projected decline, while losing $60,000 would provide stronger confirmation of the bearish scenario. The setup depends on Bitcoin following earlier midterm patterns.
Justin Bennett Identifies $61.3K and $67.3K as Key Liquidity Levels
Justin Bennett's liquidity map shows Bitcoin recently swept liquidity above $64,700 and reversed, repeating behavior seen near earlier range highs. The analysis identifies sell-side liquidity near $61,300, with another large liquidity pool at $59,300. Bennett's chart suggests a break below $61,300 could extend the move toward $59,300.
Bennett states that a quick recovery from either zone could set up a rebound toward $64,700 and eventually $67,300. However, the analysis notes that a rejection near $67,300 would keep the broader range intact and raise the risk of a deeper fall toward $55,000. Bennett's longer-term target of $44,000 remains unchanged, although the chart does not confirm that move yet. The analysis indicates the setup improves if Bitcoin breaks above $67,300 and holds the level.
FAQ
What price levels does Castillo Trading project for Bitcoin?
Castillo Trading's analysis projects Bitcoin may target the $74,492-$76,696 premium zone, followed by a decline toward approximately $51,000-$56,000. The chart identifies the lower boundary of the current range near $60,000 and the median around $70,000, with a recovery above $65,683 opening the path toward $70,000-$71,365.
What liquidity levels does Justin Bennett identify for Bitcoin?
Justin Bennett identifies sell-side liquidity near $61,300 and another large liquidity pool at $59,300. The analysis also notes resistance at $64,700 and $67,300, with Bitcoin recently sweeping liquidity above $64,700 before reversing. Bennett's longer-term target remains at $44,000, though the chart does not yet confirm that move.
