- Bitcoin finds support for $ 74k, with strong cost -based reasons that offer a potential floor
- $ 69k serves as a critical soft floor, which reduces the downward risk in the short term
Bitcoin [BTC] Seems to have found support at the level of $ 74k, where more than 50,000 BTC is concentrated – largely in the hands of investors who have remained inactive since the beginning of March.
This reach marks the first major delivery cluster under $ 80k, and with extra cost -based levels at $ 71.6k and $ 69.9k, the disadvantage in the short term can be filled in.
Price promotion and support levels
Bitcoin has stabilized at $ 74k, supported by more than 50,000 BTC in the hands of long -term investors since the beginning of March. This price level reflects patterns that can be seen in earlier bull markets, which serve as the first important delivery cluster below $ 80k.
Between $ 74k and $ 70k, around 175,000 BTC are distributed over different cost -based levels and offer a pillow against further decline. The largest concentrations are at $ 71.6k and $ 69.9k.
Soft floor formation between $ 70k $ 74k?
The recent dip from Bitcoin to $ 77K was confronted with a fast rebound, which suggests that the $ 74k $ 70k zone could act as a soft floor consistant with consolidation phases that were seen in earlier cycles.
At the time of the press, the daily RSI floated near the sold -over territory, and MacD continued to flash Beararh Momentum, which indicates potential for further downward retests.


Source: TradingView
However, strong historical buyer interest rate under $ 80k gives belief to $ 74k. If $ 70k failed, a steeper correction can follow.
Conversely, a bouncer above $ 74k can mark a local soil and restore a bullish sentiment.