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Bitcoin is currently in a price exploration phase between $63,000 and $73,000. Key levels to watch for a recovery are:
$73,500 Resistance: The sharp sell-off from this level in the first week of March caused a temporary pullback in price. For a real "recovery" and a new uptrend in the market, it is expected that this level will be permanently surpassed and turn into support.
$70,600 and $68,500 Supports: Analysts state that the price holding above these levels will renew buyer confidence. In particular, closures below $68,500 may prolong the correction process somewhat.