Veteran technical analyst CryptoCred believes Bitcoin is nearing a pivotal moment, potentially shifting from a bearish to a bullish market structure. While the price has been forming lower highs, indicating bearish momentum, a weekly close above $64,000 could signal a bullish break, according to CryptoCred’s analysis. Meanwhile, another analyst highlights the significance of the 200-day SMA as a key level to watch, suggesting a failure to reclaim this support could lead to a significant correction.