Bitcoin: $72K-$74K Support Zone Decides Move
Bitcoin at $73848.8 faces $72,000-74,000 support test on 4h bearish signals, with $77,000 breakout needed to avoid further lows.
SourceAnalysis
Bitcoin trades at $73848.8 and must defend the $72,000-74,000 zone or risk a deeper slide, according to trader @CryptoMichNL.
The zone represents the final line before a potential crypto market crash extension, though a Trump policy deal could trigger lower rates and oil prices to lift risk assets including BTC.
On the 4-hour chart, price sits inside the Bollinger Bands with upper resistance at $78326.36 while the MACD death cross at -909.65 and EMA50 resistance at $76020.62 keep downside pressure intact; a bounce from the lower band near $72326.28 remains the only path to reclaiming $77,000 and extending the prior six-month recovery.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast