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Today Technical Analysis: Bitcoin Slips Below $75,000 as Risk-Off Sentiment Returns to Markets
Bitcoin remains constructive on the 1H chart after rebounding strongly from the $73,716 low and printing a fresh recovery high near $76,551. Price is now consolidating around $76,100 after the recent rally. The moving averages remain supportive, with price trading above the moving average MA20 while MA5 and MA10 are clustered near current price. The immediate resistance zone is $76,350–$76,550. A clean breakout above this area could open the door toward $76,800, followed by $77,600. On the downside, first support sits at $75,970–$75,760 around the moving averages. If that area breaks, price may retest $75,130 and ... (full story)
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