$BTC is sitting right on $73,000, and that level decides the next move.
Support $73,000: this was the pre-election 2024 high and the April 2025 low, and the 200-day average sits just above it near $73,200. Lose it and $71,500, then $69,000, come into play fast.
Resistance $76,000: the level bulls need to reclaim. Above it sit the 50-week average ($75,200-$75,500) and the 200-day EMA near $76,460, a wall of supply.
My take: $73,000 is more likely to give way first than $76,000 is to break. Yesterday's hot CPI print (0.4% vs 0.3% expected), steady ETF outflows, and a weekly close below the 50-week average for the first time in two months all point the same way. Sellers are in control while $73,000 holds by a thread. Fear & Greed is at 29, Fear.
Price $73,838, down 1.31% in 24h.
BTC holds $73,000 or breaks $76,000, your number?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
Support $73,000: this was the pre-election 2024 high and the April 2025 low, and the 200-day average sits just above it near $73,200. Lose it and $71,500, then $69,000, come into play fast.
Resistance $76,000: the level bulls need to reclaim. Above it sit the 50-week average ($75,200-$75,500) and the 200-day EMA near $76,460, a wall of supply.
My take: $73,000 is more likely to give way first than $76,000 is to break. Yesterday's hot CPI print (0.4% vs 0.3% expected), steady ETF outflows, and a weekly close below the 50-week average for the first time in two months all point the same way. Sellers are in control while $73,000 holds by a thread. Fear & Greed is at 29, Fear.
Price $73,838, down 1.31% in 24h.
BTC holds $73,000 or breaks $76,000, your number?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
