- Today's Chart: Bitcoin Maintains Stability:


Bitcoin is trading above $71,000, with immediate support at $70,000. The near-term trend leans toward neutral with an upward bias, as the price settles below the 50, 100, and 200-day exponential moving averages.
Momentum indicators remain supportive and not overbought, with the (RSI) hovering slightly above 50 on the daily chart, and the (MACD) bars stabilizing in positive territory.

The Daily BTC/USDT Chart
Immediate resistance appears at the $72,175 level, coinciding with the 50-day exponential moving average, where sellers have capped gains. Notably, any rejection of this level will reinforce the current consolidation range. Meanwhile, any sustained move above $72,175 will reveal Bitcoin's March high of $76,000, bringing it closer to the 100-day exponential moving average at $78,009.

On the downside, a primary support level appears near $70,000, close to recent swing lows, and below the ascending trendline at $66,186. This represents a more significant support level on the daily timeframe. A decisive break below $66,186 would bring the yearly low of $60,000 within reach.
$BTC
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BTC1,76%
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Before00zerovip
· 2h ago
Bitcoin price maintains a level above $70,000 with cryptocurrency prices generally stable amid the U.S.-Iran conflict.
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