Bitcoin Price Prediction: Bitcoin Price Eyes $77,279 Breakout Level
Bitcoin is testing short-term resistance near $77,279 while traders also watch the monthly close above $74,434. A breakout could support another move toward $80,000, but a weak close would keep pressure on the downside. Bitcoin Tests Micro Resistance as BTC Watches $77,279 Breakout Level on the 30-minute chart after bouncing from the short-term support area near $75,910. The chart shared by MCO Global DE shows a micro resistance zone for orange wave 4 between $76,673 and $77,279. This area matches the 38.2%, 50%, and 61.8% retracement levels marked on the chart. BTC 30-Minute Chart. Source: MCO Global DE said wave C may be forming as a diagonal structure on the downside. That means wave 4 could still extend toward the 61.8% retracement at $77,279 before Bitcoin decides its next move. The lower support zone sits around $75,910 and $74,968, based on the 61.8% and 78.6% levels shown on the chart. Bitcoin already bounced from that area, which makes it the first zone to watch if sellers return. A strong breakout above the micro resistance zone could suggest that Bitcoin has already formed a local bottom. In that case, BTC would need follow-through above $77,279 to weaken the short-term bearish structure. However, failure near the resistance zone would keep