The current correction of Bitcoin keeps the price of the first cryptocurrency within the range of $72,000 – $73,500. After falling from local highs above $80,000 and a prolonged downtrend from peak values at the beginning of the year (~$126,000), the market has entered a phase of prolonged consolidation. Selling pressure has stabilized, but buyers still lack the momentum for a full trend reversal.

Key price levels
Critical support ($70,000): The main psychological and technical threshold. More than $500 million in buy orders are concentrated at this level. Analysts warn that a break below $70,000 could trigger a cascade of liquidations and push the price to $57,000 – $63,000.
Resistance zone ($74,000 – $77,000): The nearest barrier for resuming growth. A break above $77,000 is necessary for the bulls to break the local bearish structure. #btc