Bitcoin is retesting a key support zone near $73,500 after pulling back from the low $80,000s. Analysts say BTC remains neutral for now because selling volume is still low, but a clean break below this zone could shift pressure back toward $70,000.
Bitcoin Price Retests Key Support Zone as BTC Faces Major Decision Point
Bitcoin is retesting a major support and resistance zone on the three-day chart, according to a setup shared by Daan Crypto Trades on X.
The analyst called it “the retest that matters,” pointing to the green horizontal area that has acted as an important reaction zone several times since 2024.
Bitcoin Three-Day Chart. Source: Daan Crypto Trades on X
The chart shows BTC trading near the $73,500 area after pulling back from the low $80,000s. Price has returned to the same green zone that previously acted as resistance before later becoming support.
This area matters because Bitcoin reacted from it several times in the past. The chart marks earlier touches with gray circles, showing how price either rejected from the zone or bounced after reclaiming it.
BTC is now testing the zone again after a sharp pullback. If buyers defend this area, the chart could support another recovery attempt toward the $78,000–$82,000 range.
However, a clean break below the green zone would weaken the structure. In that case, sellers could push BTC back toward the lower range near the $70,000 area.
For now, Bitcoin is at a key retest point. The next move depends on whether this old resistance-turned-support zone holds or fails.
Bitcoin Price Holds Neutral Range as Selling Volume Stays Low
Bitcoin showed a slight decline on several one-hour exchange charts, but selling volume remained limited, according to a chart shared by CW on X.
The analyst said BTC remains in a neutral state because the latest move lower has not come with strong sell-side volume.
Bitcoin Volume Chart. Source: CW on X
The chart compares Bitcoin price action across Coinbase, Binance perpetual futures, Binance spot, and OKX. All four panels show BTC moving lower earlier before entering a sideways range near the $73,500 area.
The latest candles show only a small pullback. The volume bars also appear lighter than during the earlier decline, which suggests sellers have not added strong pressure.
CW said the selling volume is small. That means the decline has not confirmed a stronger bearish move yet.
The lower indicators on the chart also show mixed behavior across exchanges. Some readings moved slightly negative, but none showed a large fresh breakdown.
For now, Bitcoin remains stuck inside a short-term neutral range. Buyers have not pushed price back toward the previous highs, while sellers have not shown enough volume to force a deeper move.
