Consolidation or weakness? BTC struggling at 74k
The price of Bitcoin is currently at $73,985, moving sideways after reaching a high of $76,000 in the last 24 hours.
Observation: We are seeing slight downward pressure (-1.95%) with the moving averages (MA7 and MA25) crossing above the current price, which acts as immediate resistance.
Key Support: The level of $73,828 has served as a base in the last few minutes. If we lose that level, we could see a deeper correction.
It remains stable, but we need a greater impulse to reclaim the zone of $74.2k.
Do you think it's time to accumulate or should I wait for a lower entry? 🧐😏
The price of Bitcoin is currently at $73,985, moving sideways after reaching a high of $76,000 in the last 24 hours.
Observation: We are seeing slight downward pressure (-1.95%) with the moving averages (MA7 and MA25) crossing above the current price, which acts as immediate resistance.
Key Support: The level of $73,828 has served as a base in the last few minutes. If we lose that level, we could see a deeper correction.
It remains stable, but we need a greater impulse to reclaim the zone of $74.2k.
Do you think it's time to accumulate or should I wait for a lower entry? 🧐😏