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>>Bitcoin Price Outlook: The $73,000 Threshold – Has the Digital Gold Correction Ended or Is It Just Beginning?

Bitcoin Price Outlook: The $73,000 Threshold – Has the Digital Gold Correction Ended or Is It Just Beginning?

crypthub

about 3 hours ago

Market Overview

Bitcoin trades around $73,350, down more than 1.5% in 24 hours. The market is cautious as AI reshapes tech and new institutional Bitcoin infrastructure emerges. AI gains are becoming selective, with retailers like Walmart reaching a $1 trillion valuation. This uncertainty keeps Bitcoin flat after its post‑2024 election lows.

Technical Outlook

The weekly chart displays a “Three Black Crows” pattern, signalling continued selling pressure. Support sits at the 200‑week EMA near $68,400, while resistance lies around $83,600. RSI is near 30, indicating oversold conditions, but traders await divergence before confirming a bottom.

Fundamental Developments

Rootstock tokenized private credit aims for $100 million, linking traditional debt to Bitcoin liquidity. Fireblocks adds a Stacks layer, cutting settlement to ~29 seconds and enabling institutional DeFi; $5.5 billion is now locked in Bitcoin DeFi. These moves lay groundwork for the next growth phase.

Future Outlook

Chart analysis suggests a re‑accumulation zone between $68 K and $72 K for Q1. Holding above the 200‑week EMA could produce a double‑bottom and a rally toward $83 K, eventually testing $100 K. Bitcoin Hyper on Solana offers fast, cheap smart contracts, with a $31 million presale, positioning Bitcoin as a scalable, high‑speed ecosystem.