BTC at a Crossroads: Recovery or Trap? 📊

Bitcoin recently hit a local high of $78,232 before correcting down to the $76,400 support zone. We are now seeing a sharp recovery attempt, currently trading around $77,284.

The Technicals:

• MACD: Starting to show bullish momentum on the 15m chart.

• Resistance: Need to clear $77,500 to confirm the move back to $78k.

• Support: Holding strong at $76,400.

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BTC

79,433.34

-1.60%

$BTC