Bitcoin has bounced sharply, showing renewed buying interest after recent weakness. With momentum improving, traders are now watching the $79,000 resistance zone, a key level that could unlock a stronger rally.
Key Levels to Watch
According to analysts, Bitcoin must defend the recent low near $73,371. If price falls below that level on a 4-hour close, a deeper pullback toward $68,720 becomes possible.
On the upside:
✔ Break above $79,000 could confirm bullish continuation
✔ Next major resistance sits near $98,000 to $109,000
✔ Weekly gap near $77,300 may act as a short-term magnet
Bigger Trend Still Bullish?
As long as BTC stays above $65,666 on the daily chart, the broader structure remains positive.
However, if Bitcoin loses that zone, traders may look toward:
• $63,823
• $62,433
• $60,000 (major psychological support)
Market Sentiment Improving
Analysts also noted Bitcoin’s recent strength while gold weakened, suggesting BTC may be gaining independent momentum.
For now, bulls appear back in control — but reclaiming $79K is the next big test.