$BTC Update: Relief After Heavy Pressure
Bitcoin is finally showing some relief after days of strong selling. The price is now trading near $74,900, bouncing back from the recent low around $72,900. This move brings some calm back into the market.
The $71,000 to $73,000 zone has once again proven to be a strong support area. Buyers stepped in quickly when the price dipped, stopping further downside and pushing Bitcoin higher. This shows that demand is still alive at lower levels.
Over the past 24 hours, Bitcoin moved between a high near $79,000 and a low just under $73,000, with healthy trading volume. This activity suggests that traders are actively defending key levels rather than exiting the market.
The bounce from support has given long position holders some breathing room. After intense pressure and liquidations, this small recovery is helping restore short-term confidence.
While the market is not fully safe yet, holding above this support zone is an encouraging sign. If buyers continue to protect this level, Bitcoin could attempt another move upward. For now, this bounce offers a much-needed pause after the recent sell-off.
