Bitcoin traders eye $73K next as weekly trend line holds price hostage

[lklol]

Bitcoin (BTC) risked a return to $73,000 as the weekend began after bulls failed to reclaim a key trend line.

Key points:

Bitcoin price analysis increasingly sees $73,000 getting retested in the short term.

A weekly trend line has stayed in place as resistance since October 2025.

Bearish BTC price forecasts keep sub-$60,000 in play — even with a weekly close above resistance.

$73,000 in focus as BTC price retracement zone

Data from TradingView showed Bitcoin’s 21-week exponential moving average (EMA) refusing to give up control of BTC price resistance.

The moving average, which
BTCUSD
has traded below since October 2025, sat at $78,400 on the day.

Commenting, trader and analyst Rekt Capital warned that continued rejection at the 21-week EMA would result in a reversal to retest local lows.

“Bitcoin continues to resist from the 21-week EMA (green),” he wrote in an X post alongside an explanatory chart, repeating earlier concerns.

“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 Cointelegraph reported, the resistance forms one side of Bitcoin’s bull market support band.

Bitcoin still risks a sub-$60,000 comedown

Continuing, trader Killa, long bearish on the BTC price outlook, had fresh bad news for bulls.

Even a close above resistance at $80,000 or higher, they argued, might not be enough to save
BTCUSD
from new macro lows under $60,000.

“With the monthly close next week, volatility and fakeouts are likely. If May opens strong and pushes higher early in the month, there’s a good chance that move could mark the pivot high before a bearish May follows,” an X post on Friday read.

“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.
source: https://www.tradingview.com/news/cointelegraph:3e64fcc89094b:0-bitcoin-traders-eye-73k-next-as-weekly-trend-line-holds-price-hostage/