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Bitcoin continues its recovery on the H4 timeframe after rebounding from the $65,000 support area and is currently trading around $72,500. The price is approaching the key resistance zone at $73,500–$74,000, where selling pressure previously emerged. A breakout above this area could open the door for further upside toward the $78,000 region. On the downside, support levels to watch are $71,800–$72,300, followed by $70,500–$71,000 and $69,000–$69,700.
On the H4 timeframe, BTCUSD (Bitcoin) is maintaining a short-term recovery structure after rebounding from the key support zone around $65,000–$65,500. The recent upward move has pushed the price back above key moving averages, suggesting that bullish momentum is gradually strengthening.
Bitcoin is maintaining a recovery structure on the H4 timeframe after rebounding from the $65,000–$65,500 support zone. However, the $73,500–$74,000 area remains a key resistance level and could trigger selling pressure if the price fails to break above it decisively.
Currently, BTCUSD is trading around $72,500, approaching a notable resistance area near $73,500–$74,000. This supply zone previously triggered a rejection during the last rally and may continue to act as an important barrier to further upside in the near term. A decisive breakout above this resistance zone could open the door for an extended rally toward the $78,000 region.
On the downside, the nearest support is located around $71,800–$72,300, followed by $70,500–$71,000, while a stronger support area lies at $69,000–$69,700, where moving averages converge with a recent consolidation zone. Holding above these levels would help maintain the short-term bullish structure.
However, after several consecutive sessions of gains, short-term pullbacks or consolidation remain possible, particularly if Bitcoin fails to break above the $73,500–$74,000 resistance zone in the near term.
16.3.2026
Bitcoin (BTCUSD)
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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