Bitcoin $BTC just tapped 79,800 and pulled back slightly — a pattern I’ve seen before, and it usually resolves bullishly. 🔥
📍 Entry: 75,500 – 77,000
🎯 TP1: 80,000 | TP2: 84,000
🛑 Stop Loss: 72,500
On the 1H timeframe, the structure remains clean. Wave (2) bottomed at 65,500 in early April, followed by a completed ABC correction at 67,800, with both waves (a) and (c) fully developed. Since then, price has launched into a strong impulsive rally, reclaiming 70K, 74K, and now pushing toward 78K.
The dotted red resistance around 78,000 has just been tested, followed by a minor pullback — a typical wave 4 correction before a potential wave 5 extension.
Higher lows formed since April 9 confirm continued buyer control.
The key level now is 80K. A clean breakout above it opens the path toward 84K.
BTC
77,496.57
-0.71%