"On the daily chart, bitcoin maintained a broader uptrend despite the recent corrective move from the $82,800 peak. Current price action continued testing the $78,000 to $79,000 demand zone, which market participants viewed as a key area for preserving bullish structure. Resistance levels remained positioned near $79,500, $81,"
Bitcoin remains above $78K as traders monitor resistance near $79K. Technical indicators show mixed signals, with MACD sell pressure offset by neutral RSI readings. Trading volume is relatively light at $19.84B, suggesting limited conviction and a wait for stronger confirmation. On the 1-hour chart, modest recovery attempts follow a drop toward the $77,600 low, with higher lows beginning to form during low volatility. Immediate support appears near $77,800, while resistance sits between $78,600 and $79,000. A breakout above $79,000 with stronger participation could improve bullish momentum, while rejection near resistance may keep consolidation. On the 4-hour chart, price action stabilizes after earlier bearish pressure, forming a base between $77,600 and $78,000. Resistance targets are $79,500 and $80,800, and bullish invalidation lies below $77,400. The daily chart shows the broader uptrend intact after a correction from $82,800, with $78,000 to $79,000 viewed as a key demand zone to preserve structure.
Read at news.bitcoin.com
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