Bitcoin (BTC) faced the risk of slipping back to $73,000 heading into the weekend after bulls failed to retake a key trend line.
Key points:
- Bitcoin price analysis increasingly points to a short-term retest of the $73,000 level.
- A weekly trend line has acted as resistance since October 2025, while bearish forecasts continue to keep sub-$60,000 targets on the table—even if BTC manages a weekly close above that resistance.
$73,000 in focus as BTC eyes retracement zone
Data from TradingView shows Bitcoin’s 21-week exponential moving average (EMA) continuing to act as firm resistance.
BTC/USD has remained below this key level since October 2025, with the 21-week EMA positioned around $78,400 at the time.
Commenting on the setup, trader and analyst Rekt Capital warned that repeated rejection at the 21-week EMA could trigger a reversal back toward recent lows.
“Bitcoin continues to face resistance at the 21-week EMA (green),” he wrote in a post on X, reiterating earlier concerns alongside a supporting chart.
“Unless BTC is able to reclaim the 21-week EMA as support… Then this EMA could indeed force BTC into a post-breakout retest of the top of the Double Bottom price broke out from last week.”
As reported, this resistance also forms the upper boundary of Bitcoin’s bull market support band.
Bitcoin still risks a drop below $60,000
Trader Killa, who has maintained a bearish stance on BTC, issued a fresh warning for bulls. According to the analyst, even a sustained move above resistance at $80,000 or higher may not be enough to prevent a deeper decline, with the possibility of new macro lows below $60,000 still in play.
“With the monthly close next week, volatility and fakeouts are likely. If May starts strong and pushes higher early on, that move could end up being the pivot high before a bearish month unfolds,” the trader wrote in a Friday post on X.
“Either way, a close above resistance does not always mean true acceptance. In a broader macro downtrend, breaks above key levels can often be used to trap late positions.”
Killa added that there was a “strong chance” of price revisiting $73,000.
