Description:
This daily Bitcoin (BTC/USD) chart shows a decisive rejection from a major resistance zone around $72,000–$74,000. Price has broken below a key ascending trendline that previously supported the uptrend, signaling weakening bullish momentum. The highlighted resistance area remains a critical level to watch, and any retest could attract renewed selling pressure. If the breakdown is confirmed, Bitcoin may face further downside toward lower support levels in the coming sessions.
Not financial advice
This daily Bitcoin (BTC/USD) chart shows a decisive rejection from a major resistance zone around $72,000–$74,000. Price has broken below a key ascending trendline that previously supported the uptrend, signaling weakening bullish momentum. The highlighted resistance area remains a critical level to watch, and any retest could attract renewed selling pressure. If the breakdown is confirmed, Bitcoin may face further downside toward lower support levels in the coming sessions.
Not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.