Key points:

Bitcoin price performs a support retest of its 50-day moving average before hitting $72,000.

Seller interest makes the area above the day’s high of key importance going forward.

Gold and US stocks combine with crypto to seek further relief.

Bitcoin traders: BTC price needs to clear $72,000

Data from TradingView showed BTC price gains of around 2% on the day, following a retest of its 50-day simple moving average (SMA).

This trend line, previously a key resistance obstacle, looked set to remain as new low-time frame support.

Commenting, Keith Alan, cofounder of trading resource Material Indicators, tied emerging BTC price strength to hopes of dialogue between Iran and the US amid the ongoing war.

The market, he wrote on X, “seems to like the idea” of negotiations, reflected in increasing Bitcoin whale buying activity.

“Would like to see a rally to $78k, but we're starting to see ask liquidity stack just below $72k where there seems to be a bit of profit taking,” he added.

Data from CoinGlass showed a wall of ask liquidity appearing above $72,000 into the Wall Street open. Previously, news events sparked liquidity hunts both above and below spot price.

“Looks like bulls have found some juice again,” trader Jelle continued, anticipating “more sideways chop” for BTC price action.

Trader Daan Crypto Trades joined Alan in expressing confusion over the reliability of reports that US-Iran diplomacy was underway.

“The one thing I care about is price action, and Bitcoin has still remained pretty strong throughout all this mess. This $72K resistance area is one that has been pretty common for BTC to test but it still has not been able to sustain above that area for long,” he told X followers.

“Bulls need to get that level cleared and remain there if this wants to have legs and go test the $80Ks again.”

Gold rebound continues after $4,100 slump

US stocks and gold followed crypto higher in a relief bounce on the day, with the latter reclaiming the $4,500 mark after a trip to its lowest levels since late November 2025.

“Gold bounces upwards after taking the liquidity beneath the wick. Classic price action,” crypto trader Michaël Van de Poppe responded on X while analyzing the XAU/USD daily chart.

“I think that we'll slowly see the volatility wind down in Gold as it has established a range. Upper side of the range is $5,000-5,100. The lower end of the range is $4,000-4,200.”

Last month, Van de Poppe eyed early signs of a transition from gold to Bitcoin products from institutional investors.
source: https://www.tradingview.com/news/cointelegraph:7214f1928094b:0-bitcoin-bounces-from-50-day-trend-line-with-72k-btc-price-now-key-focus/