Bitcoin Forecast: BTC May Drop Below $74,000

crypthub

about 2 hours ago

Current Resistance and Support

Bitcoin is defending the April 2025 low zone around $74,000 while traders eye the low $80,000s as the next barrier for a bullish continuation. A break below $74,000 would hand control back to sellers and revive the 2025 low focus. Conversely, a clean move above the $80,000 cluster would signal buyers regaining momentum.

Friday Close Retest and Short Squeeze

The price has retested Friday’s close, a level that could act as short‑term support. If buyers hold this zone, Bitcoin may target the monthly open near $76,000 and face resistance at last week’s lower high. Short positions above the current range could fuel a squeeze if the price pushes higher.

Moving Averages and Outlook

The 200‑day moving average sits near $80,134, while the 100‑day sits around $72,922, framing the current range. A breakout above the low $80,000s would confirm a continuation, whereas a fall below $74,000 would trigger bearish pressure. Deeper declines would only be considered if the $74,000 support fails.