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Bitcoin is testing an important support area after reclaiming the $73,000 to $74,500 zone across different time frames. Two chart setups shared by analysts on X suggest the market may be moving toward a breakout retest, while also showing signs that former resistance could be turning into support.
One chart shared by X user Rekt Capital indicates Bitcoin may be preparing for a retest of the breakout zone near $73,000 after a weekly rejection at the 21-week exponential moving average (EMA). The setup shows the green 21-week EMA acting as overhead resistance, while blue horizontal levels near $72,810 and $65,710 reflect key structure from an earlier double-bottom pattern.
Rekt Capital’s view is that Bitcoin is not yet fully reclaiming the 21-week EMA. Price is sitting below the green 21-week EMA, meaning the moving average has not been confirmed as support. The analyst argues that a weekly close at this level could confirm the EMA as resistance rather than support.
If that scenario plays out, Bitcoin could move back down to test the top of the double-bottom formation near $73,000, described as a post-breakout retest. Such retests are often important because they indicate whether prior resistance can hold as support; if buyers defend the area, the breakout structure becomes more credible.
While the chart suggests short-term momentum has improved after a bounce from the lower blue support zone near $65,700 and a push toward the higher blue level around $72,800, the higher-time-frame picture is not yet fully shifted. The green EMA remains above price and continues to slope lower, which the chart frames as a recovery phase rather than a confirmed trend reversal.
In this setup, the lower blue band near $65,700 remains the deeper support area to watch if the first retest fails. Holding above the upper blue zone would keep the breakout logic intact, while a drop through it would increase the risk of a move back into the broader range.
Another chart shared by X user Super฿ro focuses on the daily timeframe and suggests Bitcoin may be building support near $74,500 after multiple technical levels converge in the same area. The chart highlights the 2025 low, the 0.382 Fibonacci level, and the 100-day simple moving average clustering around that zone, with those levels appearing to shift from resistance into potential support.
The daily chart also shows Bitcoin trading inside a rising structure following a sharp early-February drop. More recently, price pushed back above a red horizontal line near $74,502 and held that area instead of rejecting it. Super฿ro said this matters because former resistance often becomes a key support test during recovery phases.
The chart further points to last weekend’s low-volume selloff, which it suggests was quickly reversed by a strong green candle on Monday. That type of response is presented as evidence that sellers failed to maintain control after pushing prices lower, allowing buyers to regain momentum near the same support cluster.
Even with improving support around $74,500, the chart still shows overhead pressure. Bitcoin remains below higher Fibonacci levels near $78,982 and $83,461, and the blue 200-day moving average continues to trend above price. The implication is that stronger follow-through is still needed before Bitcoin can reclaim the next resistance zones.
Super฿ro’s chart provides additional context by referencing prior market traps and corrections. It notes a bull trap near the late-2025 highs followed by a deep correction, and later a bear trap near the April lows before the rebound began. Since then, Bitcoin has climbed back into the middle of the range and is attempting to stabilize above an area that previously capped the market.
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