Bitcoin is sitting at $78,650 after failing to reclaim the $79,500 level.
$79,500 is the level I’m watching now.
BTC has spent the last few days repeatedly struggling around this area, so until we get a clean 4H close back above it, I’m not convinced the next leg higher has started.
If bulls reclaim $79.5K, $82K comes back into focus.
If we lose the current range, $70.5K is the first major support I’d be watching, with $67.2K below that.
For now, Bitcoin is consolidating. The next move through $79.5K or below the range should give us a much clearer idea of where this is heading. DYOR $BTC