user-avatar
Jake Simmons

Nik Patel Flags Bitcoin’s $73,000 April 2025 Low As Critical Support For 2026 Outlook

In Part Three of his “2026 Outlook” published on Jan. 21, veteran trader Nik Patel identified Bitcoin’s April 2025 swing low near $73,000 as the key higher-timeframe support that must hold to keep his bullish roadmap intact. He argued that a weekly or monthly close below this level could see BTC grinding in the mid-$50,000s for months with no new highs in 2026, while a defense of $73,000 supports his thesis for fresh all-time highs in the first half of 2026 and a “higher for longer” regime potentially extending into 2027. At the time of writing, Bitcoin was trading around $90,060.