Bitcoin Update: Resistance Rejected – $77k Support Tested 📉🔄
A few days ago we flagged that rising resistance trend line around $81,400. We said a strong close above was needed to push higher… otherwise a drop into the $77k–$78k support zone looked likely.
That’s exactly what played out. Price rejected the trend line, worked lower, and tagged the $77,000 support. We’re now holding just above $78,000. 👀
Big closes coming: weekly candle tonight and the monthly close right after. Those two candles should give a much clearer read on direction heading into next month. 📅
Overall structure still looks constructive if this support holds. We just need clean daily, weekly, and monthly closes to confirm.
So what’s next?
➡️ Do we lose $77k support and slide toward the next level around $73,000?
➡️ Or do we hold here after the test and push back toward that $81,500 resistance? A higher-timeframe break above that would open the door next month.
What’s your take — hold and reclaim, or break lower first? Drop your thoughts below 👇
#BTC #Bitcoin #Crypto
A few days ago we flagged that rising resistance trend line around $81,400. We said a strong close above was needed to push higher… otherwise a drop into the $77k–$78k support zone looked likely.
That’s exactly what played out. Price rejected the trend line, worked lower, and tagged the $77,000 support. We’re now holding just above $78,000. 👀
Big closes coming: weekly candle tonight and the monthly close right after. Those two candles should give a much clearer read on direction heading into next month. 📅
Overall structure still looks constructive if this support holds. We just need clean daily, weekly, and monthly closes to confirm.
So what’s next?
➡️ Do we lose $77k support and slide toward the next level around $73,000?
➡️ Or do we hold here after the test and push back toward that $81,500 resistance? A higher-timeframe break above that would open the door next month.
What’s your take — hold and reclaim, or break lower first? Drop your thoughts below 👇
#BTC #Bitcoin #Crypto
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.