Bitcoin is still holding above its weekly HMA support near $72,000, but the short-term bounce looks weak after the 78.6% Fib retest. Now, the $74,917 level is the key line to watch, as a break below it could send BTC toward the lower support zone.
Bitcoin Weekly Chart Tests HMA Breakout as $72K Support Becomes Key
Bitcoin is retesting a key weekly moving average after breaking above the Hull Moving Average, according to the chart shared by Super฿ro on X.
The BTC/USD weekly chart compares similar HMA breakout structures from 2014, 2018, 2022, and 2026. In past cycles, Bitcoin moved above the HMA during bottoming phases and then used that area as support before continuing higher.
BTC/USD Weekly HMA Comparison Chart. Source: Super฿ro on X
The current chart shows Bitcoin pulling back after its latest breakout above the HMA 78. Super฿ro said the HMA 78 is now near $72,000, making that level the main support area to watch.
The 2014 and 2022 examples show Bitcoin retesting the HMA after the breakout. The 2018 example shows a breakout with no clear retest before price continued higher.
That makes the current setup important. If BTC holds above the HMA 78, the weekly bottoming structure remains active. It would also match previous cycles where Bitcoin stayed above the HMA after reclaiming it.
However, a weekly close below $72,000 would weaken the setup. It would challenge the analyst’s view that BTC does not usually fall below the HMA after a confirmed breakout.
For now, Bitcoin remains in a retest phase. The chart puts the main focus on whether BTC can defend the $72,000 HMA support and keep the weekly recovery structure intact.
Bitcoin Price Faces $74,917 Support Test as Weak Fib Bounce Signals Risk
Bitcoin is showing weak reaction after touching the 78.6% Fibonacci retracement area on the 4-hour chart shared by Man of Bitcoin on X.
The BTC/USD chart shows price trading near $76,761 after pulling back from the recent high near the $82,750 resistance area. The bounce from the 78.6% Fib retracement near $76,549 has not shown strong follow-through.
BTC/USD 4-Hour Price Chart. Source: Man of Bitcoin on X
That weak reaction keeps short-term downside risk active. Man of Bitcoin marked $74,917 as the key support level to watch next.
If Bitcoin breaks below $74,917, the chart points to the orange support zone below. That area includes the 0.5 Fib level near $73,357, the 0.618 Fib level near $71,284, and the 0.786 Fib level near $68,433.
However, BTC still has upside levels if buyers defend support. The first major resistance sits near $82,750, while higher targets on the chart appear near $86,582, $87,220, $89,529, and $95,181.
For now, Bitcoin has not confirmed a stronger rebound. The chart shows weak momentum near the Fib area, with $74,917 acting as the next important support.
