Bitcoin has slipped below its 100-day moving average (MA) at $73,000, turning a once-reliable support level into resistance. The move comes after a failed attempt to hold above $82,000 on the 4-hour chart, where lower highs and lower lows have defined the recent price action. With the 200-day MA sitting near $80,000, the market is now watching whether BTC can stabilize above the current $72,800–$74,500 range or risk a deeper slide toward $70,000.
Price action breakdown
The 100-day MA at $73K is being tested as support after the breakdown. On the upside, any recovery faces a supply zone around $75,000–$76,000 before the 200-day MA at $80,000. The 4-hour chart shows consolidation between $72.8K and $74.5K. A breakout above $75K–$76K could trigger a relief rally toward $78K and then $82K. But a breakdown below the current range would likely push prices quickly toward the $70K–$71K demand zone, which aligns with a higher-timeframe order block and the realized price of the 18-month to 2-year holder cohort.
On-chain signals
Bitcoin is now trading below the realized price of the 1-month to 3-month cohort, which sits around $73,000–$74,000. That metric is historically a gauge of short-term sentiment. Sustained trading below that level increases the probability of capitulation among newer buyers. Meanwhile, the realized price of the 3-month to 6-month cohort near $83K–$84K represents major overhead resistance — a level that looks distant for now.
Key support zone in focus
The $70K–$71K area is reinforced by the realized price of the 18-month to 2-year cohort, marking it as a potential accumulation zone. The broader market structure remains constructive as long as that support holds. If it doesn't, the next logical stop could be significantly lower. For now, traders are watching whether Bitcoin can reclaim the 100-day MA and build a base above $73K — or whether the range breaks to the downside.
The coming days will be telling. A close below $70K would shift the medium-term narrative, while a bounce from current levels would keep the uptrend intact. No official statements from exchanges or issuers have been made regarding this price action.
