Bitcoin on a Rollercoaster: Key Technical Levels Every Trader Must Watch Now

Bitcoin's price action just turned into a high-stakes game of pinball—bouncing between support and resistance like a crypto-powered jackpot. Here's where the smart money's placing bets.

Critical Levels in Play

The $60K psychological floor isn't just a number—it's the battle line where bulls and bears are duking it out. Break below? Brace for stop-loss avalanches. Hold? Rocket fuel for the next leg up.

Meanwhile, the $72K resistance ceiling acts like institutional sell orders waiting to happen—because nothing makes Wall Street happier than dumping bags on retail at key technicals.

Volatility as a Weapon

Those 10% daily swings aren't accidents—they're liquidity-hunting algorithms feasting on overleveraged degens. The more violent the chop, the clearer the eventual breakout.

Watch the weekly close like a hawk. If BTC manages to moonwalk above $68K by Friday, even the most cynical quant funds might FOMO in—proving once again that crypto markets run on hopium and herd mentality.

MACD momentum has turned negative, with widening divergence between signal and MACD lines, suggesting a deepening selloff.

• Resistance: $104,657 (EMA), $105,238 (Fib 0.5)
• Support: $103,000, then $102,499 and $101,437
• MACD: Bearish crossover confirmed

A bearish Bitcoin price prediction could occur if BTC closes below $103K with high volume, potentially leading to further declines toward $100,451.

Semler’s 105K Bitcoin Bet Shows Institutional Confidence

While short-term price action remains cautious, institutional confidence in bitcoin appears to be strengthening. Semler Scientific announced plans to expand its Bitcoin holdings from 4,449 to 105,000 by 2027, and appointed BTC strategist Joe Burnett to oversee the effort.

BIG MOVE: Semler Scientific is going all-in on $BTC, planning to boost its holdings from 3,808 to a whopping 105,000 BTC by 2027!They aim for 10,000 BTC by year-end and 42,000 by 2026. With a 287% yield, they’re riding the corporate Bitcoin wave!#Bitcoin #Crypto

Even amid Friday’s broader crypto pullback, Semler’s stock jumped 14%, underscoring investor enthusiasm for long-term accumulation strategies. According to the firm, their goal is to hold 10,000 BTC by the end of 2025, setting the tone for more corporate treasuries to follow.

Although BTC remained largely unmoved by the announcement, these longer-term signals of demand may lay the groundwork for future price stability above $100,000.

Regulation Looms as Fraud Spurs ATM Crackdown

And then there was the Bitcoin ATM news in Texas where a sheriff took $32,000 from a crypto machine to help recover $25,000 stolen in a government impersonation scam. The story went viral, and now everyone’s talking about whether this will lead to stricter regulations on Bitcoin ATMs.

Jasper County sheriff recovers $32K from Bitcoin ATM after local scam, sparking debate over crypto privacy and enforcement methods. #BitcoinATM #LawEnforcement https://t.co/iqtiwD9xZH

In 2024 alone, crypto ATM fraud has resulted in $246 million in losses. While this doesn’t mean Bitcoin is the problem, tighter oversight could limit retail crypto access and slow down transaction volume for a bit.

At the macro level, Fed Governor Christopher Waller said interest rate cuts could come as early asif labor markets get weaker. Lower rates are good for risk assets like Bitcoin, but so far, BTC is waiting for more confirmation.

• BTC trades near $103.8K as MACD turns bearish
• Semler Scientific plans to accumulate 105,000 BTC
• Texas Bitcoin ATM raid triggers debate over retail access
• Fed rate cut speculation builds, but BTC holds steady

As volatility climbs, traders are closely watching $103,000. A break below could set the stage for retests of $101,437 or even $100,451.

Best Wallet ($BEST): Crypto Storage Meets Early Access

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The $BEST token powers the ecosystem, offering reduced transaction fees, higher staking yields, early project access, and governance rights. Users can also earn through in-app quests and airdrops.

With over $13.45 million raised and the price now at $0.025205, the presale is gaining momentum. Secure your $BEST allocation before the next price jump, and gain early access to a wallet that’s redefining how crypto enthusiasts and investors interact with digital assets.