Bitcoin continues to show resilience despite growing bear pressure below the critical resistance zone at $78,800. While short-term volatility and repeated rejections have slowed the bullish momentum, the broader one market structure continues to indicate an energetic uptrend as buyers continue to defend key support levels and positions for the next potential bounce.

BTC finds recent support in the $77,000 region

At a recent fair rateUltimae highlights that although Bitcoin briefly fell below the $78,700 support level, the $77,000 zone is currently functioning as a major defensive floor. This transition suggests that the market is effectively absorbing recent selling pressure, with $77,000 representing a key technical reversal for bulls to stabilize the price.

Today, market participants closely monitor the exponential moving average (EMA) as a decisive technical indicator. The asset’s ability to stay above this moving average suggests that it is short-term momentum tries to resist, providing a foundation for the next potential part of the move.

If price action leads to a clear break of this immediate support, the next immediate area of ​​interest to accumulate liquidity would be $75,700. Further downward pressure from here would focus on support at $73,500, a level that has historically served as a critical zone for institutional interests.

Despite the recent pullback, Ultimae maintains a clearly bullish outlook, arguing that Bitcoin’s broader uptrend remains intact. The analyst sees the current price decline as a vigorous consolidation phase rather than a change in a long-term structural trend.

To invalidate this upward structure, the price would have to decisively break through the support line of the red rectangle marked on the chart. As long as this limit is not crossed, the current market environment is perceived as constructive. While a slight drift towards $73,500 is possible, an upward rebound is expected to occur soon.

Bitcoin rebounds strongly after triple retest of bullish order block

Bitcoin showed resilience by retesting the 4-hour bullish order block (OB) three times, leading to a vigorous bounce at $1,700 that successfully broke the resistance level at $77,400. According to Qingtianbtc analyst, it recovery to the $78,300 level and the subsequent move towards the 4-hour bearish OB are within expected market behavior.

The current upward movement is interpreted as a transient relief rally not a trend reversal. Investors should anticipate that any move into the $78,300 to $78,800 range will be the point of exhaustion before the asset returns to a downward trajectory. Meanwhile, the 4-hour bearish OB ranging from $78,800 to $79,600 is currently a significant resistance zone. asset as a fixed asset breakout above this range is unlikely in the near term.

Featured image from Pixabay, chart from Tradingview.com