Bitcoin has pulled back to a significant price area tied to its 2024 all-time high, bringing a key technical support zone into focus as BTC extends its recent decline.

On the weekly Binance chart, Bitcoin is trading around $74,618, down from a recent high of approximately $87,500. The price has now entered a support zone where buyers could step in, an area defined by two technical markers that traders are closely monitoring: a monthly breaker block and a weekly Imbalance Fair Value Gap (IFVG). These are tools from smart-money style chart analysis, in which past institutional price behavior is mapped on the chart to anticipate where future reactions may occur.

Key Levels in Focus

According to the chart analysis, the main levels to watch are:

• $72,500 — the key monthly breaker level.
• $67,000–$75,000 — the broader support zone.
• $70,900 — the weekly imbalance level.

If Bitcoin briefly dips below this support area to collect liquidity before recovering, that move could create an opening for buyers to push the price higher. In this style of analysis, stop-loss orders clustered below a widely watched support level are treated as liquidity pools, so a short dip can trigger them and provide the other side of the trade for larger orders.

A Return to the Previous All-Time High Region

The significance of Bitcoin's return to this price range lies in its history: the area previously played a role in the asset's climb to its 2024 all-time high. Bitcoin's previous cycle peak of roughly $73,700 was set in March 2024, placing it squarely inside the zone now being retested. The recent decline has also filled a price imbalance created during the 2024–2025 rally, which suggests that part of the market correction may already be complete.

Rather than reading the drop as an outright breakdown, traders could interpret it as a retest of an important historical price area where buyers may return. Moves back into former all-time-high territory tend to draw attention because old resistance is traditionally expected to flip into support, which is why analysts here are tracking an entire band of levels rather than a single line.

Bitcoin's recent trajectory supports that possibility. After falling to around $58,000 earlier in the year, BTC recovered and climbed to roughly $87,500 around September and October. The rejection at that high, however, has pushed the asset back into the key support zone. The central question now is whether buyers can defend the area and trigger another upward move, or whether Bitcoin will fall further before recovering.

Monthly Breaker Block Meets Weekly IFVG

The primary level under watch is the monthly breaker block around $72,500 — a former support or resistance level that flipped roles after a decisive break, and one that analysts treat as potential support once price returns to it on a higher timeframe. The highlighted support zone stretches from $67,000 to $75,000, with Bitcoin currently trading near the upper end of the range.

Another important marker is the weekly IFVG around $70,900, which represents a price gap created during a strong market move. Traders monitor such areas because prices often revisit them during corrections.

Since the weekly IFVG overlaps with the monthly breaker block, the band between $70,900 and $72,500 could attract buyers. Bitcoin could even drop below the support zone briefly to collect liquidity before attempting to recover.

Such a scenario does not guarantee a reversal, however. Buyers still need to demonstrate enough strength to push the price higher.

Can Bitcoin Recover to $87,500?

The chart identifies $87,500 as Bitcoin's next major upside target, referred to in the analysis as the Draw on Liquidity (DOL). In smart-money terminology, the DOL marks the area where resting orders — such as the stops of traders positioned against the prevailing move — are expected to pull price toward them. The expected scenario is that Bitcoin could first dip toward the lower part of the support zone before recovering.

If buyers successfully defend the $72,500 level and push Bitcoin back above key resistance levels, the chances of a move toward $87,500 could improve.

Risks remain. If Bitcoin falls below the broader support zone — particularly below $67,000 — the bullish outlook would weaken, which could indicate that the correction has further room to continue. From here, weekly closes relative to the $67,000 floor and any reclaim of the zone's upper boundary near $75,000 offer the most direct reference points for judging which side of the range is taking control.

Source: Coinedition, via CryptoNewsNet