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BTC | Bitcoin
Three days ago BTC was fighting to hold $69,200 and we flagged the risk of a move lower.
That move came. Price is now at $68,254 and sitting right in the middle of that $72K to $76K resistance zone from below.
The macro trendline at $64K held again in February and March which is the only genuinely bullish structure on this chart right now.
Two clean double taps on that trendline is a strong signal of institutional buying down there.
But BTC cannot seem to get off the floor. Every push toward $75K gets sold.
EMA 200 at $86,514 is a long way up.
The range is $64K support and $75K resistance. Until one of those breaks decisively this is a chop market and nothing more.