Bitcoin Breaks 73,510 Floor, Prints 60-Day Low at 72,727

By Olivia Hart

Bitcoin fell 3.39% on the day and printed a fresh 60-day low at 72,727.27 after losing the 73,510 floor of its 15-day trading range, according to chart analysis by TradingView analyst Forexupgo. The breakdown leaves the cryptocurrency roughly 13.4% below where it traded 20 sessions ago — a drawdown that would translate to about $13,400 lost on every $100,000 of bitcoin held over that stretch.

The daily bar was changing hands at 72,813.29, down 3.39% on the day and 4.3% over five sessions. If the close holds near that level, it would mark the weakest daily finish since 19 August. One caveat from the analyst himself: bitcoin trades around the clock, so today's candle can still move before the daily close.

What broke on the chart?

Forexupgo describes a box, or range, that had contained price for 15 days between a floor of 73,510 and a ceiling of 81,971 — a band spanning roughly 11.5% of the pair's value. The floor is gone, and price now sits just beneath it.

The technical damage extends beyond a single level:

• Price trades 7.16% below the 21-day moving average, which sits at 78,431.
• Price trades 10.58% below the 50-day moving average at 81,429. Both averages slope downward.
• The last five daily closes have all printed under the 50-day moving average.
• The final rally attempt topped out at 84,377 on 22 October. Every session since has made lower highs.

In plain terms, the short-term trend has rolled over, and the medium-term trend has followed it down. Nothing in the data yet shows a base forming.

What does the old floor mean now?

The level to watch is 73,510, but its role has flipped. Forexupgo frames the setup with three conditions:

• A daily close back above 73,510 would make the breakdown look like a liquidity sweep, and the floor would stop acting as a lid.
• A rejection at 73,510 from below would confirm the old floor as resistance and keep the trend pointed down.
• A daily close under 72,727 extends the lows. The next chart reference is the 62,272 low from 14 July — nearly 14% below current price.

The analyst notes the asymmetry himself: the next meaningful support sits far away, while the resistance overhead begins immediately.

What happens next?

Forexupgo's data shows no scheduled calendar items for the next 48 hours, leaving the levels themselves as the primary signal. "A rules-based approach does not need a prediction here," the analyst wrote. "It needs a level, a condition and a plan for both outcomes."

The open question, in his words: "Which one gets confirmed first, reclaim or extension?" The analysis is published with the explicit disclaimer that it is not financial advice.

For holders, the practical stakes are concrete. A close under 72,727 opens a path toward the July low at 62,272; a reclaim of 73,510 would mark the first evidence in three weeks that sellers have lost control of the range.