BTC is holding strong right below its recent highs. After that explosive rally from the $76.2k zone to print a 24-hour high of $77,347, we're seeing some healthy consolidation around the $77.1k mark instead of a heavy pullback.
This sideways chop looks like a potential bull flag setup on the lower timeframes. Buyers are clearly defending the higher lows, showing strong momentum, but that resistance at $77.3k is the immediate hurdle to clear.
What's your read on this chart? Are we gearing up for an imminent breakout past $77.5k, or is a retest of the $76.9k support necessary before the next leg up? Drop your targets below. 👇