{"id":44658,"date":"2026-05-24T19:00:00","date_gmt":"2026-05-24T19:00:00","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-price-could-fall-to-72-5k-before-next-rebound-heres-why\/"},"modified":"2026-05-24T19:00:00","modified_gmt":"2026-05-24T19:00:00","slug":"bitcoin-price-could-fall-to-72-5k-before-next-rebound-heres-why","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sl\/bitcoin-price-could-fall-to-72-5k-before-next-rebound-heres-why\/","title":{"rendered":"Bitcoin Price Could Fall To $72.5K Before Next Rebound \u2014 Here\u2019s Why"},"content":{"rendered":"<p>After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/history-shows-bitcoin-etf-outflows-favor-accumulation-says-santiment\/\" target=\"_blank\" rel=\"noopener \">current price structure<\/a> suggests that new investors would be catching a falling knife. According to a chart highlighted on the X platform, the Bitcoin price appears bound for a drop to around $72,000, at least in the short term.<\/p>\n<h2><strong>BTC Price Trading In Ascending Channel Pattern<\/strong><\/h2>\n<p>Prominent chartist Aksel Kibar took to the social media platform X to <a href=\"https:\/\/x.com\/TechCharts\/status\/2058119138384429306?s=20\" target=\"_blank\" rel=\"noopener nofollow\">dele\u017e<\/a> an interesting layout of the Bitcoin price, suggesting the coin might be on its way down to around $72,500. This highlighted chart shows the formation of an ascending channel on the BTC daily timeframe over the past few months.<\/p>\n<p>For context, an ascending channel is a technical analysis pattern characterized by two major (upward-sloping) trendlines: the upper line connecting the higher highs and the lower line connecting the higher lows. Within this framework, the upper boundary acts as resistance while the lower trendline provides a support cushion to the asset\u2019s price (i.e., Bitcoin price).<\/p>\n<p>Typically, an ascending channel shows the persistence of an upward trend, with the Bitcoin price forming multiple higher highs and higher lows since February. However, the premier cryptocurrency recently formed a swing high around $82,500 and is currently <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-in-pullback-phase\/\" target=\"_blank\" rel=\"noopener \">undergoing a retracement<\/a> that could see its value fall to as low as $72,500.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/HI_oW9QW8AANBhD?format=jpg&amp;name=large\" alt=\"Bitcoin\" width=\"1529\" height=\"921\" loading=\"lazy\" \/><\/p>\n<p>What to watch is what happens at the lower boundary if the Bitcoin price does fall to $72,500 over the next few days. On an optimistic note, the flagship cryptocurrency could bounce back and forge back towards the upper trendline if this highlighted support level holds strong.<\/p>\n<p>In this case, the resistance region to watch would be just above $86,000, where there would likely be a confluence of the 365-day moving average and the upper boundary line. The market leader could enjoy further significant upside if the Bitcoin price breaks above this resistance region.<\/p>\n<p>However, there is also a chance that the <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-struggles-to-reclaim-key-cost-basis-as-realized-losses-climb-details\/\" target=\"_blank\" rel=\"noopener \">BTC price could lose<\/a> the $72,500 support, which could trigger a wave of bearish pressure. If this scenario plays out, the premier cryptocurrency could fall as low as $60,000, where Kibar thinks a short-term reversal could form.<\/p>\n<p>In any case, Kibar noted that he would only consider entering a long position above the 365-day moving average, a major indicator of the start of a bull market.<\/p>\n<h2><strong>Bitcoin Price At A Glance<\/strong><\/h2>\n<p>As of this writing, the price of BTC stands at around $76,762, reflecting a 2% jump in the past 24 hours.<\/p>\n<p><img decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/plnPyPEP\/\" alt=\"Cena Bitcoina\" width=\"2308\" height=\"1568\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. According [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Price Could Fall To $72.5K Before Next Rebound \u2014 Here\u2019s Why - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sl\/bitcoin-price-could-fall-to-72-5k-before-next-rebound-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"sl_SI\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Could Fall To $72.5K Before Next Rebound \u2014 Here\u2019s Why - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. 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