Bitcoin Holds $73,500 as 200-Day Average Acts as Lifeline
BTC is trading near $73,500, holding above its 200-day average of $73,173 after three days stuck in a $73,400–$74,800 band. The 14-day RSI sits at 35, near oversold, while spot Bitcoin ETFs have now seen $1.58B in outflows across seven straight sessions. Base case for today: sideways $72,700–$74,900, with $70,500 as the pullback risk if Nasdaq futures keep sliding on the Nvidia turmoil. Next catalysts: US jobless claims tonight and PPI data tomorrow.
Not financial advice.
$BTC #Bitcoin #BTC
BTC is trading near $73,500, holding above its 200-day average of $73,173 after three days stuck in a $73,400–$74,800 band. The 14-day RSI sits at 35, near oversold, while spot Bitcoin ETFs have now seen $1.58B in outflows across seven straight sessions. Base case for today: sideways $72,700–$74,900, with $70,500 as the pullback risk if Nasdaq futures keep sliding on the Nvidia turmoil. Next catalysts: US jobless claims tonight and PPI data tomorrow.
Not financial advice.
$BTC #Bitcoin #BTC
