🚀 Bitcoin testing the $77,800 zone: Consolidation or about to break the $80,000?
Bitcoin ($BTC) is once again showing strength on the daily chart, trading around $77.832, recording a moderate high of +1.40% for the day and a solid gain of +23.48% over the last month.
After a sharp jump from the $64,000 region in mid-August, the price has been ranging between $76,000 and $82,000, finding a clear support point in the short term.
What price action says:
Consolidation at the top: $BTC is trading sideways near its highest moving averages, showing absorption of sell pressure by buyers rather than a severe correction.
Immediate Resistance: The recent peak near $82,000 - $83,000 remains the main obstacle for the continuation of the uptrend.
Relevant Support: The $76,400 zone (day low) serves as an immediate line of defense to prevent a pullback toward $70,000.
What’s your move for the coming days?
The structure on the daily chart points to accumulation, but the market demands caution until there is a definitive break above $80,000.
💬 We want to hear your take: Do you believe in a new rally toward $85,000 still this month, or will we see a deeper correction to retest the lower supports? Leave your opinion in the comments! 👇
#Bitcoin #BTC #Crypto #BinanceSquare #TechnicalAnalysis #Trading #CryptoNews
Bitcoin ($BTC) is once again showing strength on the daily chart, trading around $77.832, recording a moderate high of +1.40% for the day and a solid gain of +23.48% over the last month.
After a sharp jump from the $64,000 region in mid-August, the price has been ranging between $76,000 and $82,000, finding a clear support point in the short term.
What price action says:
Consolidation at the top: $BTC is trading sideways near its highest moving averages, showing absorption of sell pressure by buyers rather than a severe correction.
Immediate Resistance: The recent peak near $82,000 - $83,000 remains the main obstacle for the continuation of the uptrend.
Relevant Support: The $76,400 zone (day low) serves as an immediate line of defense to prevent a pullback toward $70,000.
What’s your move for the coming days?
The structure on the daily chart points to accumulation, but the market demands caution until there is a definitive break above $80,000.
💬 We want to hear your take: Do you believe in a new rally toward $85,000 still this month, or will we see a deeper correction to retest the lower supports? Leave your opinion in the comments! 👇
#Bitcoin #BTC #Crypto #BinanceSquare #TechnicalAnalysis #Trading #CryptoNews