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International Business Times UK
International Business Times UK
Robert Gorgonio

The $72,000 Resistance Wall: How Bitcoin Flipped a Vital Recovery Line Into a Bearish Barrier

Bitcoin is back above $62,000 and homing in on its record high Photo: AFP / Justin TALLIS

Bitcoin's $72,000 resistance wall has become the defining battleground for the market this week, with the world's largest cryptocurrency struggling to reclaim what was, until recently, a vital recovery level after a sharp sell-off in mid-June that dragged prices into the low $60,000s.

Bitcoin had been trading comfortably within the $72,000 to $74,000 range before losing that support and triggering a rapid decline. The drop, which briefly pushed prices toward the $61,000–$63,000 zone, drew in buyers almost immediately, sparking a relief rally back to around $66,000. That reaction, while stabilising, has not yet repaired the broader technical damage.

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