Bitcoin Reclaims $68.4K, Tests Critical $71.4K Resistance

Bitcoin reclaimed $68.4K support, filled the CME gap at $70.1K, and now tests $71.4K resistance. Bears stay in control below that level.

Bitcoin bounced off the 68.4K level and climbed toward 71.4K. The move came after the CME futures gap at 70.1K got filled. Structure, though, still reads bearish.

The weekly open sits at 72.8K. BTC hasn’t touched it. That one number is doing a lot of work right now.

$68.4K Held – But Don’t Get Comfortable

According to KillaXBT on X, the retest at 68.4K was successfully reclaimed. That bounce pushed price into the CME gap and eventually up to test 71.4K. He called it the first resistance area to watch.

KillaXBT has been short through all of this. He shared the update not as a reversal signal, but as a market structure check-in.

The CME gap itself was flagged a day earlier. As KillaXBT posted on X on March 22, CME closed at 70.1K and left a gap below that close. These gaps carry strong odds of getting filled, the trader noted. Price did exactly that.

The Grey Box Is Everything Right Now

Earlier, KillaXBT posted on X laying out the full range structure. BTC was trading below the weekly open at 72.8K. The grey box was acting as a pivot zone.

He outlined it plainly. If BTC accepts back below 72.8K, the path toward 68.4K opens. Lose that, and 66K becomes likely. Reclaim 71.4K and 72.8K flips into support, then 75.9K becomes a realistic target.

None of that has changed. The range is intact. BTC is still mid-range, still below 71.4K.

Bitcoin’s struggle at the $70K area isn’t new. The broader market tension around this zone has been building for days, with ETF outflows and defensive options positioning adding weight to the resistance.

Bears Still Hold the Keys

KillaXBT was direct. As long as BTC stays below 71.4K, the structure stays bearish. That was his view on March 22, and it hasn’t shifted.

The concern now is a lower high forming. If the grey box doesn’t flip, price likely rolls over. The next target in that scenario: 65.8K. Below that, 66K comes back into play, a level KillaXBT had already flagged as the next stop if 68.4K had failed.

CME gap dynamics have drawn wider attention too. Traders tracking Bitcoin dominance and the 70.1K gap noted the same level, pointing to how gap fills like this often serve as inflection points rather than clean continuation signals.

71.4K Is the Line That Changes Everything

Flip it, and things open up. Hold below it, and the bears keep control.

That’s the setup. No complexity required. KillaXBT said to trade the range until something breaks, and right now nothing has.

The 72.8K weekly open looms above. The 65.8K to 66K zone sits below. BTC is caught in the middle, having done exactly what the analysis predicted, filling the gap, testing resistance, waiting.

What happens at 71.4K next is the only question that matters.

Disclaimer: This article is based on technical analysis and cited sources. It does not constitute financial or investment advice. Always conduct your own research before making any financial decisions.