Bitcoin Technical Analysis – H1$BTC
Bitcoin has rebounded from the 76,000 demand zone after a liquidity sweep and is now fluctuating around the 77,000 area. The price remains below the descending trendline and the 77,300 intermediate resistance, and the reaction to this zone may define the next short‑term direction.
Key Levels:
⏺Key Resistance: 78,500
⏺Intermediate Resistance: 77,300
⏺Key Support: 76,000
📈 Bullish Scenario:
If the price breaks above the 77,300 intermediate resistance and the descending trendline with momentum, the likelihood of a move toward the 78,500 supply zone increases.
📉 Bearish Scenario:
If the 77,300 resistance holds and the price reverses from this area, selling pressure may pick up and Bitcoin could revisit the 76,000 demand zone.
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