Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is showing renewed strength after a sharp rebound, signaling that buyers are stepping back in at key levels. With momentum building and price pushing higher, attention is now shifting toward the $79,000 resistance zone, where a breakoutcould confirm continued upside and open the door for a stronger rally. Selling Pressure After Initial Reaction
Bitcoinsaw an immediate response to yesterday’s developments, facing notable selling pressure as the market processed the news. Analyst Kamile Uray highlightsthat while the initial reaction was bearish, the possibility for a continued rally remains on the table, provided the immediate low of $73,371 is successfully defended. Related Reading Bitcoin Price Gives Back Gains, But Structure Remains Bullish 21 hours ago
However, a 4-hour candle close below this mark would likely trigger a deeper correction toward the $68,720 level, which represents the critical 0.618 Fibonacci retracementof the most recent upward wave. Holding this support provides the foundation for a fresh leg up. Source: Chart from Kamile Uray on X
On the bullish side, a decisive close above $79,000 would signal a continuation of the broader uptrend toward much higher targets. Uray identifies a major resistancecluster between $98,000 and $107,000–$109,000. Should the price face a rejection at these elevated levels, traders should expect a return to the previous support zones, ranging from $73,371 to the $66,000 region.
Examining the daily timeframe, the $65,666 level serves as a pivot point. As long as Bitcoin maintains its position above this threshold, the overall structure remains skewed toward a potential rise.
A failure to hold the $65,666 level would shift the focus to lower support levels at $63,823, $62,433, and $60,000. The most critical warning comes at the $60,000 mark; a daily close below this psychological and technical barrier would likely extend the corrective phase significantly. Bitcoin Bounces Strongly As Week Kicks Off
In his most recent update, analyst Michaël van de Poppe noted a relatively strong upward bounce for Bitcoin on Monday. This movement is particularly significant as it occurs during a period where marketstypically trend toward a risk-off stance ahead of the weekly opening. The ability of Bitcoin to push higher against this cautious backdrop suggests underlying strength in current demand. Related Reading Bitcoin Breakout Confirmed, But Is It Real Or A Bull Trap? 2 days ago
A key factor in this analysis is the recent decoupling from traditional safe-haven assets. While Bitcoin has shown resilience and upward momentum, gold has trended downward. Looking at the weekly outlook, the presence of a price gap at the $77,300 level remains a primary focal point for traders. Given the strength of the recent bounce and the existing technical vacuum toward that higher level, Bitcoin is expected to fill this gap and achieve new highs before the current week concludes. BTC trading at $75,130 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com