$BTC Price Stabilizes Above $76K, Traders Await Next Major Move
Bitcoin is consolidating above $76,000 after a recent decline from the $82,000 region, showing signs of short-term stabilization.
The price remains below key resistance at $77,200–$77,450 and the 100-hour moving average, with a bearish trend line limiting upside. Momentum indicators are still weak, with RSI below 50 and MACD in a bearish zone.
If BTC holds above $76,000, a recovery toward $79,000–$80,000 is possible. However, failure to break above resistance could trigger another drop toward $75,000 or even $74,200.
Overall, the market is in a consolidation phase, with traders watching for a breakout or breakdown to define the next major move.