Bitcoin is trading near $75,318 on the Bitstamp daily chart after breaking below its two-year moving average, currently estimated at $86,000. The move triggered the 2-Year MA Multiplier indicator, which historically marks potential accumulation phases. The same signal appeared in 2015, 2019, and 2023, though past performance does not guarantee future results.
The indicator uses the 2-year MA (green line) as a buy zone and an upper red line near $430,000 as a possible sell zone. With Bitcoin now below the green line, many traders interpret it as a long-term buying opportunity, favoring dollar-cost averaging over lump-sum entries.
Short-term support sits at $72,000–$75,000, with deeper demand between $60,000 and $65,000. Resistance is clustered around $78,000–$82,000, and a daily close above $80,000 would improve sentiment. Momentum indicators remain weak: the MACD is below zero with a negative histogram, and the RSI hovers near 40, signaling persistent bearish pressure. Traders are closely watching whether the $72,000 level holds, as a break could shift attention to the lower support range.
