Bitcoin is currently trading around $73,500. Binance reports that 94% of all Bitcoin has now been mined. Despite this, the price is slightly below its recent 7-day and 25-day averages, currently testing a key support level.
Binance highlighted that over 94% of all Bitcoin has already been mined, confirming its limited supply.
The update came as BTC traded near $73,498, with sellers testing key moving average support.
Traders were focused on the $73,000 level, as the price struggled to gain traction after recently falling from around $80,000.
Bitcoin Scarcity Returns to Market Focus
Binance highlighted that Bitcoin is becoming increasingly scarce, pointing out that over 94% of the total 21 million Bitcoin that will ever exist have already been mined. This limited supply is a key characteristic of the cryptocurrency.
With over 94% of BTC already mined, Bitcoin’s scarcity is becoming clearer with each cycle.
What was once theory is now one of its strongest fundamentals. ₿
— Binance (@binance) May 28, 2026
Bitcoin’s limited supply is a key part of its value. With each new coin created, there are fewer and fewer left to be mined.
This makes issuance lower over time, while future supply becomes more limited.
Recently, conversations about limited Bitcoin availability resurfaced as the price dropped. Bitcoin couldn’t stay above $80,000, and the price fell towards a support level around $73,000.
BTC Price Tests Moving Average Support
Bitcoin finished the day around $73,498, a decrease of about 1.27%. The price chart indicated some selling, bringing it close to the 99-day moving average.
That level sat near $73,050. Bitcoin also traded below the 7-day moving average at $75,793.
The price stayed below its 25-day moving average, around $78,489, suggesting a slowdown in short-term price increases.
The average price over the last seven days is starting to fall, indicating that buyers haven’t fully recovered from the recent price drop.
In my analysis, if the price closes below $73,050 today, we could see a further drop to around $72,500. If selling pressure persists, I’m watching to see if we might test the $70,000 level next.
If the price falls further, it could test support levels around $65,000 to $66,000. These are key areas where the price has previously found buying interest.
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Resistance Levels Remain Clear
Bitcoin needs to rise back to between $75,500 and $76,000. This price level is close to its average price over the last week.
The price might face some resistance soon after the recent decrease. To see a significant rebound, the price would need to climb above $78,500.
The price is near its 25-day moving average, and breaking above this level could lead to a rise back to $80,000.
Bitcoin recently peaked around $82,850, which now acts as a key level it’s struggling to break through. After hitting this price, it started to show a downward trend, creating lower peaks.
The price chart declined to new lows following the unsuccessful attempt to move higher. Trading volume increased a bit on the most recent downward price movement.
Approximately 19,540 Bitcoin were traded today. While there was increased selling activity, the overall trading volume wasn’t unusually high.
As I’m looking at the market right now, Bitcoin is currently hovering around a crucial support level. If we can maintain price above $73,000, I anticipate a potential short-term rally back towards $75,800.
If the price falls below $73,000, the technical outlook will likely worsen. We are now closely monitoring both the limited supply of the asset and its current price trends.
Binance highlighted Bitcoin’s limited supply, which is built into its design. Meanwhile, traders are watching for key price levels that could indicate where Bitcoin might go next. How Bitcoin closes out today could give us a clue about its short-term movement.
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2026-05-29 07:52