Aicoin: Bitcoin faces strong resistance at $72,500, with the main force betting over $20 million at $71,000

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Bitget2024/03/12 07:15

According to AICoin news, last night BTC tested $72,500 multiple times but failed to hold above it. If BTC successfully holds above $72,500, it may rise further; if facing resistance, attention should be paid to $71,000.

Currently, in the 45-minute cycle, BTC has retraced to the EMA24 moving average. There are sell orders worth $27.82 million at $73,000 and large buy orders totaling $20.27 million at $71,000 below. If the price falls below the moving average, BTC is likely to test support at $71,000 in the short term.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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