Analyst: Bitcoin price recovery faces resistance, technical signals are mixed

CoinWorld News: After Bitcoin (BTC) failed to break above the $80,000 resistance level, it fell below $76,000 on Tuesday, as the market grew uneasy about the reopening of the Strait of Hormuz and uncertainty in macroeconomic conditions. Despite mixed signals from technical indicators and on-chain data, rising spot CVD (cumulative volume delta) may support a rebound in price. Bitcoin has rebounded 30% from the February 6 low, but encountered sell pressure in the supply zone between $78,000 and $80,000. Michael van de Poppe, founder of MN Capital, said the current pullback is “typical behavior” ahead of the FOMC meeting. At the same time, Glassnode data shows that investors’ average buy-in price near $78,000 is 33.56万 BTC, and the $75,500 support level has also been retested. Bitcoin’s liquidation heatmap shows that the current market structure is relatively tense, and buyers are expected to strongly defend the $75,500 to $76,000 support zone.

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