- Today's Chart: Bitcoin stabilizes at support level, but gains remain limited.

Bitcoin is trading above $67,000, with a slight bias toward downside in the short term. The price remains within a downtrend series of lower highs below the 50, 100, and 200-day exponential moving averages (EMA), all of which are well above the current price, limiting any potential upward movement. The Moving Average Convergence Divergence (MACD) remains below the daily chart's signal line, with the red histogram bars shrinking, indicating a slowdown in bearish momentum, but it remains strong.

Meanwhile, the Relative Strength Index (RSI) is recovering from its recent lows near 45 but remains below the midpoint 50 on the same chart, reinforcing the fact that sellers still hold a slight edge despite recent stability.

Daily chart of the BTC/USDT pair

Initial resistance appears around the recent price closure cluster near $69,000, followed by stronger resistance at $71,000, in line with the 50-day exponential moving average and the lowest point on March 17 at approximately $73,400. A sustained breakout above this zone would lead to the March high at $76,000.

On the downside, immediate support is at the daily low around $66,348, with a break below revealing the Monday low at $65,800, then the weekly low near $65,000 as the next bearish target.
$BTC