Written by William Suberg, Staff Writer. Reviewed by Allen Scott, Staff Editor. Bitcoin traders eye $73K next as weekly trend line holds price hostage
Bitcoin market participants favored a short-term return to $73,000 as resistance stayed in place, with some analysis seeing even lower levels.
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 BTC/USD has traded below since October 2025, sat at $78,400 on the day.
BTC/USD one-week chart. Source: Cointelegraph/TradingView
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.”
BTC/USD one-week chart. Source: Rekt Capital/X
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.
Related: Bitcoin price set for best gains since Q4 2024 with $77.5K monthly close
Even a close above resistance at $80,000 or higher, they argued, might not be enough to save BTC/USD 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.”
BTC/USD chart with key nearby levels. Source: Killa/X
Killa added that there was a “strong chance” of price revisiting $73,000.