- BTC holds strong above dynamic EMAs, signaling buyers still defend key levels.
- $73K rejection confirms demand as BTC mirrors past rebounds from EMA zones.
- Monthly support between $61K–$74K continues to act as a macro bull defense.
Bitcoin continues consolidating between major resistance and support zones as investors assess trend strength and breakout signals. Technical analysts are monitoring key levels for confirmation of momentum and potential market direction.
Bull Market Structure and EMA Behavior
Bitcoin remains within a broader macro uptrend despite temporary setbacks and periodic pullbacks in recent weeks. BTC price continues holding above key dynamic support zones on both weekly and monthly timeframes, creating a structurally bullish outlook.
Following a multi-month rally from mid-2023, BTC has traded between significant exponential moving averages. The price activity near the 21-week EMA has gained attention in technical circles. According to Rekt Capital, the 21-week EMA now declines, positioning near $86,500 this week. He stated that the falling EMA offers lower resistance, which could ease Bitcoin’s ability to break above. His analysis shows that BTC consolidates between the two bull market EMAs.
Source: Rekt Capital
Rekt Capital has presented a historical analysis of market behavior during previous consolidation phases between key EMAs. He emphasized that bullish continuation often occurs when BTC successfully reclaims the green EMA following a pullback. In recent sessions, the price dipped below this EMA but quickly rebounded. He marked this as a potential sign of continued accumulation and renewed upward momentum.
Besides this, his comparative review of similar recovery patterns from 2021 and 2023 supports the current bullish thesis. Price rebounds off the green support trendline, followed by rising weekly candles, have previously led to breakout rallies. He highlighted the significance of $73,000 as the latest wick bottom that rejected lower prices and confirmed demand.
Historical Zones and Technical Relevance
Crypto Candy has offered additional insights based on a larger timeframe, focusing on long-term monthly support structures. Crypto Candy examined the green horizontal zone between $61,383 and $74,197, emphasizing its recurring relevance since 2021.
Source: Crypto Candy
He stated that this zone functioned as resistance in earlier cycles and now acts as a strong support range. Bitcoin’s ability to remain above this band reinforces the broader bullish structure forming higher lows over time. According to him, this area serves as a critical range for maintaining positive price momentum despite current macro uncertainty.
The price currently trades above this range, near $77,700, confirming strength against former resistance zones. He pointed to structural price movements, noting that BTC has historically never fallen below prior all-time highs after a breakout. His findings underline the zone as a macro-level defense area supporting long-term bullish continuity.
