Just checked the bitcoin price action and BTC is looking pretty solid right now. It's trading around that 80K zone after pushing through the 78K level earlier. The momentum feels good with the hourly chart showing a nice bullish trend forming. Support is holding strong at 78K, so unless we see a hard rejection there, bitcoin price should continue testing higher levels.



Technically speaking, if the bitcoin price stays above 78.5K resistance, we could be looking at a run toward 79.5K and potentially 80K and beyond. RSI is above 50 and MACD is gaining momentum in bullish territory, which is exactly what you want to see. The key levels to watch are 77K on the downside and 79K as the next major resistance.

If bitcoin price holds here and consolidates properly, the next target could push toward 82K. Just keeping an eye on whether we get rejected at 78.5K or if the bulls can push through. Either way, the setup looks interesting from a technical standpoint.
BTC0.28%
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