#Bitcoin has shown a steady recovery from its February lows on the daily chart. After bouncing from around $62,700, $BTC reclaimed the $71,800 support and is now consolidating above the 3-month EMA near $74,000, with short-term averages turning upward.However, the key challenge starts here. Price is currently testing both the descending trendline and the 0.236 Fibonacci level around $77,700. This is where the market shifts from a simple relief rally to a potential trend reversal test.

The $75K–$77K range should not be treated as ordinary resistance. A breakout with strong volume and daily closes above $77K could open the path toward $83,400, then $87,000, and eventually $94,500. A confirmed move above $95K would signal real strength, breaking the broader downtrend and potentially pushing BTC toward $102,000 and $112,700.
This scenario becomes more likely if ETF inflows remain strong, institutional demand continues, and upcoming data helps ease Fed pressure.