BTC has bounced back nicely and is currently trying to stabilize above the $78,000 mark. The chart shows solid recovery strength after finding buyers at lower levels, and the moving average is providing good immediate support.

​If buyers keep up the momentum here, we could easily see a push toward the next local resistance. However, a minor rejection could pull it back for a quick retest before any major breakout. Watch the hourly close closely.

​Are you bullish or bearish at this level? Drop your targets below!

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