In its latest assessment, cryptocurrency analysis company MakroVision highlighted critical levels regarding Bitcoin price movements.
According to the analysis, although Bitcoin has shown a gradual recovery after the recent sharp sell-off, it continues to trade just below a decisive resistance zone in the short term.
MakroVision noted that the $72,000 to $75,000 range has become the focal point of the market. While a break above this level could accelerate the uptrend, the current price action does not yet confirm a strong trend reversal.
The analysis noted that the overall technical outlook remains bearish. While Bitcoin is currently in a “technical recovery” phase after previously breaking through key support levels, the fact that the price has moved away from the $59,000 level and is beginning to test critical zones again is considered a positive development in the short term. However, whether this rise will be sustainable will depend on overcoming the resistance zone.
In the assessment of support and resistance levels, the $59,000–$61,000 range stands out as the main support zone. It is stated that if this level is maintained, the recovery may continue, while a potential downward break could rapidly increase selling pressure, potentially leading to a retest of lows. On the other hand, the $72,000–$75,000 range is identified as the most critical resistance zone, and a sustained break above this level could potentially push the price up to $85,500 and then to $91,700.
According to MacroVision, the most critical scenario in the short term will be whether Bitcoin can regain the $72,000–$75,000 range. Breaking above this level would be considered a strong signal of recovery, while the current rejection from this level suggests that the move may still be a reaction rally within the overall downtrend.
*This is not investment advice.
