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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.