Just been watching Bitcoin's moves and it's starting to look interesting again. BTC pulled back pretty hard earlier but found support around 73.6K and now it's bouncing back. Currently sitting above 75K which is a good sign - price is holding above the 100-hour moving average too.



What caught my eye is that Bitcoin broke through a bearish trend line around 75.2K on the hourly. The recovery wave looks solid so far, already cleared the 50% Fibonacci level from the recent drop. Right now the big question is whether it can push past 76.5K - that's the real test. If it holds and settles above there, we could see some real momentum building.

The technical setup is decent. RSI is creeping back up, MACD is still showing some bullish momentum even if it's losing steam. If Bitcoin keeps climbing, next targets would be 77.25K, then potentially 78K. But honestly, if it fails to break 76.5K resistance, we could easily drop back down to 75K support or worse.

Major support levels to watch are 75K and then 74.25K if things go south. Resistance-wise, 76.5K is the immediate hurdle, 77.25K after that. Bit coin's at an inflection point right now - either we get the breakout or we see another leg down. Watching this closely over the next few hours.
BTC-1,63%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin