Bitcoin Price Prediction: Bitcoin Nears Key $73K Level as Shorts Close
Bitcoin Bitcoin Price Prediction: Bitcoin Nears Key $73K Level as Shorts Close Bitcoin is trading near $73,000 as charts from Man of Bitcoin and CW show BTC at a short-term decision point. One setup warns that bullish momentum is weakening, while the other shows shorts closing as selling pressure starts to fade. Bitcoin Price Tests $73K as BTC Bearish Roadmap Puts Support in Focus Bitcoin is trading near $73,280 on the four-hour chart as analyst Man of Bitcoin says a short-term five-wave decline may show weakening bullish momentum. The chart shared on X shows BTC moving lower after failing to hold its recent upward channel. The analyst said a bounce from the current support area still looks likely, but the new bearish roadmap puts lower levels back in focus. Bitcoin Four-Hour Chart. Source: The chart shows Bitcoin falling from the upper part of its May structure after price rejected near the $82,750 resistance zone. BTC then moved lower toward the marked support area between roughly $69,900 and $72,900. Man of Bitcoin labeled the current move as a five-wave decline. In Elliott Wave analysis, that structure can signal that buyers are losing short-term control, especially after a strong move higher. The nearest support area sits around the Fibonacci levels shown