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Crypto investor and analyst Lark Davis said Bitcoin could find first support around $73,000 if it falls further, with the next support level near $67,000 if that level breaks.
In a post on X, Davis said near-term market weakness could persist amid negative developments tied to the Clarity Act and a Federal Reserve rate hike, but added he does not believe conditions are bad enough for Bitcoin to set a new low. Davis said he is first watching the 200-day exponential moving average, or EMA, around $73,000, with a second support level near $67,000 if that threshold gives way.