$BTC is currently stalled around the $77K area, and honestly, this kind of sideways action doesn’t necessarily look bearish to me.
After such a strong move upward, price needs time to breathe. We’ve already seen BTC push aggressively from the lower levels, and now the market is consolidating just beneath the $78K–$79K resistance zone.
What I’m watching here is the range.
The blue zone around $75.5K–$76K is acting as the immediate support area, while the red zone around $78K–$79.5K remains the major resistance. As long as BTC continues holding above that lower zone, the structure still gives bulls room to make another attempt higher.
If BTC clears the resistance with momentum, the next move could become much more interesting, with $80K and potentially the $82K area coming into focus.
#BTC #crypto #analysis
After such a strong move upward, price needs time to breathe. We’ve already seen BTC push aggressively from the lower levels, and now the market is consolidating just beneath the $78K–$79K resistance zone.
What I’m watching here is the range.
The blue zone around $75.5K–$76K is acting as the immediate support area, while the red zone around $78K–$79.5K remains the major resistance. As long as BTC continues holding above that lower zone, the structure still gives bulls room to make another attempt higher.
If BTC clears the resistance with momentum, the next move could become much more interesting, with $80K and potentially the $82K area coming into focus.
#BTC #crypto #analysis
