⚡$BTC a $68,037: Is it a bull trap at $74K or consolidation before the breakout?
Today Bitcoin is trading at $68,037, down -3.93% in 24 hours. After hitting $74,000 this week, the market is pulling back strongly. The question all analysts are asking today: was it a bull trap or consolidation before the big move? 👇
🔍 TODAY:
📉 $BTC cae -3.93% from the peak of $74,000 — analysts warn of a possible “fakeout” or bull trap in that zone.
📉 The dollar recorded its biggest weekly gain in a year — when the DXY rises, BTC historically falls.
📊 Analysts from ZX Squared Capital: Bitcoin is in a confirmed bear market with a possible additional 30% drop still possible.
📊 BUT: more than 400,000 BTC were accumulated between $60,000 and $70,000 during the correction — structural density zone. Markets remember that density.
⚡ RSI at 51.50 — neutral zone. 43% of BTC supply is currently at a loss according to Glassnode — a level historically seen near cycle bottoms.
🎯 KEY Levels:
🔴 Support: $67,716 (the “line in the sand” according to analysts — losing it opens $65,400)
🟡 Resistance: $70,048 — $71,600
🟢 If it surpasses $71,600: $73,800 → $80,700
⚠️ If it loses $67,716: $65,400 → $62,000
💡 CoinCodex projects BTC between $69,225 and $79,539 next week. Changelly: minimum of $71,141 for March with a peak of $80,372. The accumulation density between $60K and $72K defines the bottom. When that range breaks upward… the movement won’t give a warning. Do you have your plan? 👇
⚠️ This is not financial advice. DYOR.
#bitcoin #BTC #BinanceSquare #CryptoAnálisis #BTCHoy
