Crypto analyst CryptoMichNL has flagged a support zone between $71,000 and $73,000 as critical for Bitcoin. Holding there, he says, keeps the broader uptrend intact. If it cracks, the next serious buying opportunity could come much lower.
Why the $71K-$73K zone matters
The analyst’s chart shows that former resistance near $71,000 to $73,000 is now acting as support. That flip keeps the larger bullish structure alive — but only if the price stays above that floor. Losing it would likely trigger a deeper pullback, and CryptoMichNL isn't ruling that out.
What happens if it fails
If support breaks, the analyst points to an accumulation zone between $61,000 and $65,000. That range aligns with historical support and sits near Bitcoin’s 200-day moving average. He describes it as a potential final buying opportunity before the next leg up — assuming the bull trend resumes.
Resistance levels ahead
On the upside, Bitcoin faces immediate resistance near $76,600. That’s a crucial area to break, the analyst says. Above that, a CME gap around $79,000 could act as a magnet, followed by another cluster of resistance in the upper $80,000 range. A clean run through those levels would put fresh cycle highs in play.
Broader picture still bullish
CryptoMichNL notes this breakdown risk looks different from the February dip that shook confidence. The bullish structure, he says, hasn't been compromised — it's just being tested. A successful defense of the $71,000-$73,000 support could put Bitcoin back on track toward new highs. For now, all eyes are on whether that zone holds in the coming sessions.
