Bitcoin ($BTC ) Technical Levels

BTC is currently in a "bottom construction" phase. While the $70,000 level is the primary psychological battleground, the technical chart shows a more complex struggle.

Crucial Resistance: $72,000 – $73,000 This is the "Sell Zone." Multiple analysts, including those from Citi Research, note that until BTC decisively reclaims this area, the market remains in a bearish structure. Additionally, the average entry for many spot ETF holders is estimated at $81,600, meaning institutional pressure remains high until we see prices near that level.

Immediate Support: $68,160 Liquidation heatmaps show a significant cluster of orders here. If this fails, the next stop is a retest of the recent local lows

The "Floor": $60,000 This is the line in the sand. Converging data points (including the 200-week moving average) suggest that a break below $60k could trigger a deeper correction toward the $50,000 range.#BitcoinTechnicalAnalysis