Good analysis @koinmilyoner ,
it may be Bitcoin can visit the $64k- $68k zone.
Post
koinmilyoner
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Bullish⚠️ Bitcoin Slips Again — All Eyes Now on the $70K Lifeline
Bitcoin is back under pressure, and the technical picture is getting tense. After failing to hold above $75,000, BTC slid through multiple support zones, dropping as low as $71,532 before attempting a weak consolidation. The bounce so far looks more like a pause than a reversal.
Price is currently trading below the 100-hour moving average, a sign short-term momentum still favors sellers. Adding to the pressure, a bearish trend line is forming on the hourly chart near $75,200, creating a ceiling bulls must break to regain control.
📉 Resistance Levels Stacking Up
If Bitcoin tries to recover, the first hurdle appears at $72,850, followed by stronger resistance at $74,200. A confirmed close above that level could open the path toward $75,000–$75,500, where the 61.8% Fibonacci retracement of the recent drop sits. Beyond that, bulls would face $76,850 and $78,000 — but momentum would need to shift significantly for that to happen.
🧱 Support Zones Under Threat
On the downside, immediate support lies at $72,000, with more critical demand around $71,200. If sellers push price below $70,500, attention quickly shifts to the psychological $70,000 level — a zone likely to attract heavy volatility.
A breakdown there could expose $68,000, now seen as the major structural support.
📊 Indicators Still Bearish
The hourly RSI remains below 50, signaling weak buying strength, while the MACD continues expanding in bearish territory, suggesting sellers still have momentum.
For now, Bitcoin is in a fragile zone. The market is balancing on support — and the next decisive move could be sharp.
#TrumpProCrypto #BTC $BTC
Bitcoin is back under pressure, and the technical picture is getting tense. After failing to hold above $75,000, BTC slid through multiple support zones, dropping as low as $71,532 before attempting a weak consolidation. The bounce so far looks more like a pause than a reversal.
Price is currently trading below the 100-hour moving average, a sign short-term momentum still favors sellers. Adding to the pressure, a bearish trend line is forming on the hourly chart near $75,200, creating a ceiling bulls must break to regain control.
📉 Resistance Levels Stacking Up
If Bitcoin tries to recover, the first hurdle appears at $72,850, followed by stronger resistance at $74,200. A confirmed close above that level could open the path toward $75,000–$75,500, where the 61.8% Fibonacci retracement of the recent drop sits. Beyond that, bulls would face $76,850 and $78,000 — but momentum would need to shift significantly for that to happen.
🧱 Support Zones Under Threat
On the downside, immediate support lies at $72,000, with more critical demand around $71,200. If sellers push price below $70,500, attention quickly shifts to the psychological $70,000 level — a zone likely to attract heavy volatility.
A breakdown there could expose $68,000, now seen as the major structural support.
📊 Indicators Still Bearish
The hourly RSI remains below 50, signaling weak buying strength, while the MACD continues expanding in bearish territory, suggesting sellers still have momentum.
For now, Bitcoin is in a fragile zone. The market is balancing on support — and the next decisive move could be sharp.
#TrumpProCrypto #BTC $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
70,834.66
+2.43%