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Bitcoin Tests Critical $74K Support as Credit Stress Signals Loom Over Market

From fxleaders.com

As the top cryptocurrency consolidates at $76,000 after a steep 3% drop during the previous day, Bitcoin is navigating choppy waters. The digital coin briefly struck a 2026 low of $72,945 on Tuesday before recovering, leaving traders and analysts anxiously eyeing a vital support zone that might determine whether BTC embarks on its next bullish run or confronts deeper losses. {chart} Elliott Wave researcher Gert van Lagen has identified $74,400 as the important level separating Bitcoin’s bull market continuation from a probable structural breakdown. Van Lagen’s study indicates that Bitcoin is finishing an extended ... (full story)

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  • Category: Technical Analysis