🟠 BTC PRICE ACTION: THE RANGE THAT DEFINES Q2
Bitcoin hit $71,230 Wednesday night, then tanked to $69,393 after oil tanker attacks in Iraqi waters sent crude back above $100 .
The technical picture:
📊 Resistance zone: $71K–$75K (rejected 3 times in 2 weeks)
📊 Support: $68K (immediate), $63K–$65K (critical)
📊 Fibonacci 0.78: $72K is the line in the sand
What analysts are saying:
Delta Exchange's Riya Sehgal: "A decisive breakout could open path toward $75K–$78K, while failure to reclaim may push back toward $63K–$65K support."
21Shares: BTC likely consolidating $68K–$74K; breakout above $75K targets $75K–$80K medium-term .
The institutional angle:
Despite price chop, whale holdings rose to ~3.2M BTC and ETFs saw $250M+ inflows . Strategy bought 17,994
$BTC last week at ~$70,946 .
Smart money accumulates. Retail gets shaken out. Same story. Different day.
👇 React:
📈 = Bullish breakout soon
📉 = Rejection incoming
🐳 = Accumulating
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