$BTC Tests Major Support — Is $77,200 the Next Move? Bitcoin is now sitting exactly where I wanted to see a reaction. Price is trading inside the Support Zone($73,720-$76,260), near key Support Lines and the Cumulative Long Liquidation Leverage($74,000-$74,800). From an Elliott Wave perspective, the five-wave bearish structure may already be complete. At the same time, a high-volume Hammer has formed on the 1-hour timeframe, suggesting buyers are starting to respond. The setup becomes even more interesting because this area is reinforced by the 100_SMA(Daily) and 50_SMA(Weekly). As long as this support cluster holds, I favor a short-term recovery toward $77,200 and potentially the Cumulative Short Liquidation Leverage($76,690-$77,520). The two levels I’m watching most closely are $77,000 and $78,000. For now, the reaction is encouraging—but I still want confirmation before calling it a stronger reversal. Can Bitcoin reclaim $77,000 and push toward $78,000? If you found this analysis useful, follow for more. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
