$BTC
Strategists are watching a critical confluence of support between $76,100 and $76,600 (where the 52-week moving average and the 200-day EMA sit). If this fails to hold, a further slide toward the $74,400 swing lows is highly probable.
If you are trading on a daily or weekly horizon, the bias is bearish until Bitcoin can reclaim and close a weekly candle above the $79,400–$81,450 resistance zone. However, for investors looking at the broader macro picture, the current drop toward $76,000 is widely viewed as a textbook "exhaustion low" correction within a healthy, ongoing long-term bull cycle.
Strategists are watching a critical confluence of support between $76,100 and $76,600 (where the 52-week moving average and the 200-day EMA sit). If this fails to hold, a further slide toward the $74,400 swing lows is highly probable.
If you are trading on a daily or weekly horizon, the bias is bearish until Bitcoin can reclaim and close a weekly candle above the $79,400–$81,450 resistance zone. However, for investors looking at the broader macro picture, the current drop toward $76,000 is widely viewed as a textbook "exhaustion low" correction within a healthy, ongoing long-term bull cycle.