Bitcoin Price Could Fall To $72.5K Before Next Rebound -- Here's Why | Bitcoin btc price | CryptoRank.io

Bitcoin could slip toward $72,500 in the near term before resuming an upside move, according to chart-based analysis that frames BTC within an ascending channel. The token rose to about $76,762 after reports of a potential US‑Iran agreement, but traders warn that the current structure favors a pullback rather than a fresh rally. The analysis points to a lower boundary near $72,500 that could hold as support, while the upper boundary around $86,000 coincides with the 365‑day moving average as a formidable resistance. A breakout above that MA would be needed to sustain new highs, traders say, with a break below $72,500 potentially opening a path toward $60,000. Prominent chartist Aksel Kibar outlined the setup on X.

Looking ahead, traders will watch how BTC behaves around the $72,500 level over the next few sessions. If the price holds, a rebound could push back toward the $86,000 zone where the confluence of the channel upper line and the MA may attract fresh buyers. Conversely, a decisive break below $72,500 could accelerate downside toward $60,000, inviting further bearish pressure. In either scenario, market participants stress that meaningful longs would require a sustained move above the 365‑day moving average.