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Bitcoin traders agreed that BTC price action needed to retake $72,000 to open up the odds of further upside as gold and US stocks gained.Bitcoin price performs a support retest of its 50-day moving average before hitting $72,000.
Gold and US stocks combine with crypto to seek further relief.Data from TradingView showed BTC price gains of around 2% on the day, following a retest of its 50-day simple moving average .Commenting, Keith Alan, cofounder of trading resource Material Indicators, tied emerging BTC price strength to hopes of dialogue between Iran and the US amid the ongoing war.“Would like to see a rally to $78k, but we're starting to see ask liquidity stack just below $72k where there seems to be a bit of profit taking,” he added.Trader Daan Crypto Trades joined Alan in expressing confusion over the reliability of reports that US-Iran diplomacy was underway. “The one thing I care about is price action, and Bitcoin has still remained pretty strong throughout all this mess. This $72K resistance area is one that has been pretty common for BTC to test but it still has not been able to sustain above that area for long,” he “Bulls need to get that level cleared and remain there if this wants to have legs and go test the $80Ks again.”US stocks and gold followed crypto higher in a relief bounce on the day, with the latter reclaiming the $4,500 mark after a trip to its lowest levels since late November 2025.“I think that we'll slowly see the volatility wind down in Gold as it has established a range. Upper side of the range is $5,000-5,100. The lower end of the range is $4,000-4,200.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
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