BTC/USD is testing the top of the key $73,500–$74,500 resistance range after breaking the October 2025 downtrend running from the record highs on Monday, putting traders on alert for a potential trend shift. However, with one failed break already above the zone, echoing the price action seen in March when a similar bullish attempt quickly fizzled, and with the 100-day moving average looming overhead, this screens more as a market to watch rather than chase.
Should the price break and hold above the 100-day moving average and $76,000, where the price peaked in March, longs could be considered with stops placed within or just beneath the former resistance zone for protection, initially targeting the November 21 low of $80,550.
With RSI (14) and MACD turning higher, alongside a 50-day moving average that is beginning to slope higher, it tilts the near-term bias towards long setups over shorts, improving the odds of a bullish breakout holding if it eventuates.
Good luck!
DS
Should the price break and hold above the 100-day moving average and $76,000, where the price peaked in March, longs could be considered with stops placed within or just beneath the former resistance zone for protection, initially targeting the November 21 low of $80,550.
With RSI (14) and MACD turning higher, alongside a 50-day moving average that is beginning to slope higher, it tilts the near-term bias towards long setups over shorts, improving the odds of a bullish breakout holding if it eventuates.
Good luck!
DS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.