BTC on the Edge: Technical Review of the $78k — $82k Levels 📊
While panic dominates the headlines, let's look at the charts. Bitcoin has approached a high-interest zone for buyers.
Key Technical Points Today (Jan 31, 2026):
Support Zone: The $78,500 level isn't just a number. It aligns with the 0.618 Fibonacci retracement and a significant liquidity block.RSI: On the 4H timeframe, the Relative Strength Index (RSI) has entered the oversold territory. Historically, this often leads to a technical bounce.Volume: We are seeing a spike in volume at current levels. This suggests that "smart money" is starting to absorb the panic selling from retail traders.
Scenarios:
📈 Bullish: Holding $79,000 and rebounding to $82,500 within 48 hours.
📉 Bearish: A daily close below $78,000 could open the door to a test of $75,000.
I’ve set limit orders to add to my position slightly below the current price. Risk management is everything!
👇 What BTC price do you expect to see by Monday morning? Drop your predictions!
#TechnicalAnalysis #BTC #TradingLevels #CryptoChart $BTC
