Bitcoin retested its Friday close and April 2025 lows near $74,469 after failing to reclaim moving average resistance in the low $80,000s, according to technical analysis shared by Super฿ro and Daan Crypto Trades on X. The retest follows a pullback from the 200 day moving average zone, with the 200 day MA at $80,134 and 200 day EMA at $81,413 forming key resistance above current price. Analysts identified $74,000 as the threshold where bears would regain control on lower timeframes, while a break above the low $80,000s would confirm continuation and potentially trigger a short squeeze setup.
Technical Setup Analysis
Super฿ro's chart shows Bitcoin moving lower after failing to reclaim the prior rebound area, with price returning near the Friday spot close. The analyst said the move back to Friday's close was expected and noted that Bitcoin's slightly lower high versus last week leaves short positions above price as a possible source of fuel for a squeeze. The chart marks the Friday TradFi close just above the current zone, which can act as a short term reaction zone.
The April high sits far above current price as a larger upside marker, but Bitcoin would need to reclaim several lower resistance areas first. 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. On the downside, the previous swing low sits below the current zone, and a clean break under that level would weaken the squeeze setup and bring the 2025 low back into focus.
Support and Resistance Levels
Daan Crypto Trades said the retest of the April 2025 lows was clean and that BTC has produced a decent bounce so far. However, the analyst said the key level for continuation remains in the low $80,000s. 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. That area matters because BTC recently failed near the moving average cluster, and a clean move above it would show that buyers are regaining control after the April low retest.
The analyst said bears would regain control on the low to mid timeframe if Bitcoin falls below $74,000, putting price under the April low zone and weakening 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. The 100 day moving average sits lower near $72,922. For now, Bitcoin is stuck between support near the April lows and resistance near the low $80,000s, with the next larger move depending on which side breaks first.
