Bitcoin has continued holding its April low area after a recent pullback, as analysts monitor the current support zone near Friday’s close after BTC failed to reclaim higher resistance levels.
Analysts have said that short positions could fuel a squeeze if Bitcoin regains momentum, while a break below $74,000 could return short-term control to sellers.
Bitcoin faces resistance near 200-day moving average
Crypto analyst Super฿ro said Bitcoin’s move back to Friday’s close matched expectations after weakness on the daily chart. He explained that BTC formed a slightly lower high compared to last week, leaving short positions above the price.
The chart shared on X showed Bitcoin falling after rejection near the previous rebound zone. Price later returned close to the Friday spot close, while the Friday TradFi close remained slightly above current levels.
Super฿ro noted that the area could act as a short-term reaction point. If buyers defend the zone, Bitcoin could attempt another move toward the monthly open near the mid-$76,000s.
Above that range, resistance remains near last week’s lower high and the broader breakdown area.
The analyst said a move through those levels could pressure traders holding short positions above the market.
The wider structure also highlighted important moving averages. Bitcoin’s 200-day moving average remained above the price near $80,134.
Meanwhile, the 100-day moving average stood lower near $72,922.
Super฿ro added that the April high remained a larger upside target. However, Bitcoin must first reclaim several resistance areas before reaching that level again.
Analysts watch low $80,000s for continuation signal
Analyst Daan Crypto Trades also reviewed Bitcoin’s recent price action after BTC retested the April 2025 lows near $74,469. He said the retest looked clean and produced a decent bounce so far.
Still, the analyst stressed that Bitcoin must reclaim the low $80,000s to confirm continuation. The chart showed resistance near the daily 200 EMA at $81,413 and the daily 200 MA at $80,265.
According to Daan Crypto Trades, the moving average cluster formed the key resistance zone above the current range. Bitcoin price recently failed near those levels during the previous rebound attempt.
He explained that a clean breakout above the zone would show buyers regaining control after the April low retest. However, he warned that bears could regain momentum if Bitcoin drops below $74,000.
Such a move would place BTC under the April low area and weaken the current bounce setup.
For now, Bitcoin remains trapped between April support and resistance near the low $80,000s.
Bitcoin holds key support as RSI and MACD signal weakening momentum
Bitcoin’s 1-day chart is showing that the broader trend remains bullish despite the recent pullback.
Price climbed steadily from the lower $60,000 range before reaching a local peak above $80,000.
However, the latest candles show weakening momentum as Bitcoin trades near $75,000 after several consecutive lower highs.
Sellers have recently gained short-term control, causing the market to cool after the strong rally.
The Relative Strength Index (RSI) is currently near 41, which signals weakening buying pressure.
The MACD indicator also supports the view of fading momentum. The MACD line remains below the signal line, while the histogram continues printing red bars. This setup indicates bearish momentum is still active.
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