Bitcoin is showing a potential retracement after reaching a local peak. The price is currently finding support around the $73,975 - $76,281 range, which aligns with a strong demand zone from previous price action.
A successful retest of support and strong weekly close above $82,000 could fuel an upward continuation toward $116K+.
Bearish Scenario: If Bitcoin fails to hold $72K support, a deeper correction might occur before resuming the uptrend.
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Bitcoin ($BTC) Price Analysis :
Current Market Structure :
Bitcoin is showing a potential retracement after reaching a local peak. The price is currently finding support around the $73,975 - $76,281 range, which aligns with a strong demand zone from previous price action.
A successful retest of support and strong weekly close above $82,000 could fuel an upward continuation toward $116K+.
Bearish Scenario: If Bitcoin fails to hold $72K support, a deeper correction might occur before resuming the uptrend.