Bitcoin just made an interesting move on the 15-minute chart.

After getting rejected near $80,060, BTC started moving lower and eventually dropped to around $79,001. That looked like a strong pullback, but buyers quickly stepped in and pushed the price back toward $79,600.

That bounce is important.

It tells us that buyers are still interested around the $79K area. But at the same time, Bitcoin has not confirmed a full bullish reversal yet.

The main level I’m watching now is $79,647.

If BTC can break above this level and actually hold it, we could see another push toward $79,880 and then $80,060.

But if price gets rejected again around $79,647, I wouldn’t be surprised to see another dip toward $79,414. Below that, $79,181 and $79,001 become important support areas.

The $79,001 level is probably the most important support on this chart right now. Buyers defended it aggressively, so losing that level could completely change the short-term picture.

Volume is another thing worth watching. A breakout with strong volume would give the move much more credibility. If BTC moves above resistance without enough buying pressure, there’s always a chance of a fake breakout.

What I’m watching

Bullish:

$79,647 breakout → $79,880 → $80,060

Bearish:

$79,647 rejection → $79,414 → $79,181 → $79,001

For now, Bitcoin is basically stuck between buyers defending the lower levels and sellers protecting the $79.6K–$80K area.

I’d rather wait for confirmation than chase the move. The next clean break could tell us where BTC wants to go next.

Not financial advice. Trade with proper risk management.

#btc #CentralBanksBuy289TonsGoldInQ2 #GoldRisesAbout14%InAugust #USCorporateProfitsHitRecordHigh