Bitcoin is showing early signs of recovery after holding a major confluence support zone between $70,500 and $73,900. Buyers have stepped in, stabilizing the market. Resistance lies between $80,600 and $85,000. A move beyond $85,000 could trigger a fresh impulsive move toward $100,000. The recent correction and strong reaction at the 200-week EMA suggest the market structure is intact, favoring a long-term 'buy the dip' strategy.
BTC trading at $73,107 on the 1D chart.
