Bitcoin price is testing short-term resistance after rebounding from the lower $75,000 area, but the wider structure remains unclear. The next major signal depends on whether BTC can clear $79,537 or drops back toward the $72,936 to $67,626 support zone.
BTC Price Tests Key Fibonacci Resistance Near $76,850
BTC has reached a short-term resistance zone between about $76,740 and $76,850, according to the 15-minute chart shared by MCO Global. The area matters because the 61.8% retracement and 100% extension sit close together, creating a technical decision point.
BTC Fibonacci Resistance Chart. Source: MCO Global DE
The chart shows BTC recovering from the lower $75,000 area after forming a local low near $74,968. Price then moved back above $76,500 and tested the first resistance band. However, BTC still needs a clean breakout above this zone to show stronger upside pressure.
If buyers push BTC above the resistance area, the next levels sit near $77,217, $77,441, and $77,813. A move toward those levels would support the idea that the rebound is turning into a stronger third wave. However, if BTC fails near $76,850, the move may remain corrective, with support still visible near $75,910, $75,668, and $75,489.
BTC Price Stays Choppy Below $79,537 as Support Zone Comes Into View
BTC remains in a choppy short-term structure while price trades below the key $79,537 level, according to the chart shared by Man of Bitcoin. The chart shows BTC near $77,258, with buyers still unable to reclaim the upper resistance area.
BTC Support Zone Chart. Source: Man of Bitcoin
The main resistance sits at $79,537. As long as BTC stays below that level, the chart keeps downside risk open. The next major support zone sits between $72,936 and $67,626, where several Fibonacci levels are marked.
BTC has support levels at $72,936, $71,343, $69,785, and $67,626. However, a move above $79,537 would weaken the bearish setup and shift attention back toward higher targets near $87,220 and $95,181.
Source: https://coinpaper.com/16778/bitcoin-price-prediction-btc-tests-79-537-resistance
