Bitcoin Price Prediction: BTC Risks Breakdown Below $74K

Bitcoin is trying to hold its April low area while traders watch the low $80,000s as the level needed for continuation. A break below $74,000 would shift control back to sellers, while a reclaim of the 200 day moving average zone could revive the squeeze setup.

Bitcoin Price Retests Friday Close as Analyst Eyes Short Squeeze Setup

Bitcoin is retesting Friday’s close after a pullback on the daily chart, according to a setup shared by Super฿ro on X.

The analyst said the move back to Friday’s close was expected. He added that Bitcoin’s slightly lower high versus last week leaves short positions above price as a possible source of fuel for a squeeze.

Bitcoin Daily Chart. Source: Super฿ro on X

The chart shows BTC moving lower after failing to reclaim the prior rebound area. Price has returned near the Friday spot close, while the Friday TradFi close sits just above it.

This area matters because it can act as a short term reaction zone. If buyers defend it, Bitcoin could attempt another move toward the monthly open near the mid $76,000s.

Above that, the next key resistance sits near last week’s lower high and the wider breakdown zone. A move through those levels could pressure short sellers who entered above the current range.

The chart also shows the April high far above current price. That level remains a larger upside marker, but Bitcoin would need to reclaim several lower resistance areas first.

On the downside, the previous swing low sits below the current zone. A clean break under that level would weaken the squeeze setup and bring the 2025 low back into focus.

The moving averages also show the wider structure. The 200 day moving average remains above price near $80,134, while the 100 day moving average sits lower near $72,922.

For now, Bitcoin is at a reaction point. The next daily candle could show whether Friday’s close acts as support or whether sellers push BTC back toward the previous swing low.

Bitcoin Price Retests April Lows as BTC Waits for Break Above Low $80,000s

Bitcoin retested its April 2025 lows and bounced, but analyst Daan Crypto Trades said BTC still needs to break the low $80,000s to confirm continuation.

The chart shared on X shows BTC recovering from the April low area near $74,469 after a pullback from the daily 200 EMA and 200 MA zone.

Bitcoin Daily Chart. Source: Daan Crypto Trades on X

The chart marks the daily 200 EMA near $81,413 and the daily 200 MA near $80,265. These levels form the main resistance zone above the current range.

Daan Crypto Trades said the retest of the April 2025 lows was clean and that BTC has produced a decent bounce so far. However, he said the key level for continuation remains in the low $80,000s.

That area matters because BTC recently failed near the moving average cluster. A clean move above it would show that buyers are regaining control after the April low retest.

On the downside, the analyst said bears would regain control on the low to mid timeframe if Bitcoin falls below $74,000. That would put price under the April low zone and weaken the bounce setup.

The chart also marks a lower level near $62,165, but BTC would need to lose the current support area first before that deeper zone becomes relevant.

For now, Bitcoin is stuck between support near the April lows and resistance near the low $80,000s. The next larger move depends on which side breaks first.