$BITCOIN is testing $79,500 again.

This level has now become the key battleground after the move from $63,000.

The structure is still bullish.

$BITCOIN reclaimed $65,700, broke through $67,200, and then pushed above the $70,500 pivot before making its way towards $80K.

Now we need to see whether $79,500 turns into support.

If it does, the next major target is the $81,000-$82,000 area.

But if Bitcoin loses $79,500 and fails to reclaim it, I'd expect a deeper pullback into the $77,000-$78,000 region before the next attempt higher.

The bigger levels remain:

$79,500 - key S/R

$70,500 - major pivot

$67,200 - local support

$65,700 - major support

$63,000 - range support

For now, Bitcoin is holding the breakout.

BTC

78,247.99

+0.98%