Bitcoin Holds Above Key Support Despite Weakening Momentum

Bitcoin (BTC) remains above key technical support levels despite weakening momentum indicators. The cryptocurrency is trading at around $76,300 after stabilizing following a 25 basis point interest rate hike by the Federal Reserve.

The Fed's decision was widely expected, but Bitcoin's ability to hold above major moving averages suggests it has not triggered another significant wave of selling. The cluster between $71,500 and $73,700 creates a significant support zone that could attract buyers during further pullbacks.

However, momentum indicators are pointing to consolidation rather than a confirmed recovery. The Moving Average Convergence Divergence (MACD) indicator continues to decline beneath its signal line, reflecting fading bullish momentum.