Bitcoin is moving into a key resistance zone just as two separate charts point to growing pressure near the same levels. While whale order data shows heavy sell walls between $74,000 and $75,000, a broader technical model also places Bitcoin at its first major resistance near $74,400.
Bitcoin Whale Orders Show Sell Walls Near $75K and Strong Bids at $70K
Bitcoin traded near $72,000 after a sharp move above $73,000 met visible resistance, according to whale order data shared by CoinGlass on X. The 15 minute $BTC perpetual chart shows large buy orders helping lift price from the upper $68,000 range toward $73,000. However, once Bitcoin moved higher, sell pressure appeared and slowed the advance.
$BTC Whale Order Analysis: Source: CoinGlass
The order book shows a clear concentration of sell walls between $74,000 and $75,000. That suggests large traders placed significant sell orders above the market and likely used the rally to distribute into strength. Several large trading bubbles near the local top support that view, as they show heavy activity during the push above $73,000. As a result, Bitcoin failed to hold that higher area and moved back lower.
At the same time, strong bids remain stacked below the current price, especially between $70,000 and $71,000. One of the largest visible bid zones sits near $71,500, while additional support levels appear lower around $70,800, $70,500, and $70,200. This setup shows that buyers are still active on dips, even as sellers defend the higher range.
Because liquidity now sits on both sides, Bitcoin is trading in a tight zone between visible resistance and support. CoinGlass said a sweep could come next, meaning price may move into one of those liquidity clusters before making its next short term direction clearer. For now, the chart points to $74,000 to $75,000 as the main resistance area, while $70,000 to $71,000 remains the strongest support zone.
Bitcoin Hits First Resistance Near $74,400 as Analysts Track B Wave Rally Setup
Bitcoin reached its first major resistance near $74,400 after extending a rebound that analysts at More Crypto Online had flagged in recent weeks. The daily $BTC chart shows the move fitting a broader corrective structure that followed a three wave decline. According to the analyst, that pattern often leads to a temporary rally before the wider correction resumes.
Bitcoin B Wave Rally Structure: Source: More Crypto Online
More Crypto Online said the current advance may represent a B wave rally within a larger correction that started in October. Under that view, Bitcoin could still push higher or consolidate in the short term, but the move would remain corrective rather than signal a full trend reversal. The chart outlines this rebound after the market formed an A wave low under what the analyst described as oversold conditions.
The resistance area now comes into focus as the next key test. The chart marks the first major barrier around $74,400, while higher retracement levels appear near $79,421, $86,604, $94,436, and $106,825. However, the analyst said short term weakness or sideways price action would not be surprising from the current level, given that Bitcoin has already reached the first important resistance zone.
At the same time, the structural model still points to the broader correction remaining incomplete. In this setup, the B wave rally could form a lower high in the coming weeks before Bitcoin resumes a downside move to complete the larger pattern. The chart also highlights lower support and retracement zones near $66,992, $62,729, $56,465, and $55,475, which may become relevant again if the market turns lower.
For now, the rebound remains intact, but the reaction around $74,400 may help determine whether Bitcoin extends the corrective rally or begins the next leg of the broader pullback.
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