$BITCOIN IS HOLDING HE BREAKDOWN.
Bitcoin is sitting around $77K after breaking aggressively above the $70,500 pivot.
The move took BTC from the $63K range low to almost $80K in a matter of days.
Now we’re consolidating beneath $79,500 resistance.
This is exactly where I want to see how price behaves.
If BTC breaks and holds above $79,500, $80K becomes the obvious psychological target, with price discovery potentially following.
If we see a deeper pullback, $70,500 is the level I care about most. That was major resistance and has now become the key structural pivot.
Below that, $67,200 and $65,700 are the next major suppot .
For now, the structure remains bullish.
Bitcoin has already done the hard part by breaking out of the range.
Now we wait to see whether it can turn $79,500 into support and make the next leg higher.
Bitcoin is sitting around $77K after breaking aggressively above the $70,500 pivot.
The move took BTC from the $63K range low to almost $80K in a matter of days.
Now we’re consolidating beneath $79,500 resistance.
This is exactly where I want to see how price behaves.
If BTC breaks and holds above $79,500, $80K becomes the obvious psychological target, with price discovery potentially following.
If we see a deeper pullback, $70,500 is the level I care about most. That was major resistance and has now become the key structural pivot.
Below that, $67,200 and $65,700 are the next major suppot .
For now, the structure remains bullish.
Bitcoin has already done the hard part by breaking out of the range.
Now we wait to see whether it can turn $79,500 into support and make the next leg higher.
