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#BTC
#Bitcoin is still trading in a corrective structure after losing the support of the rising trend line.
The current bounce looks like a relief move from the 76K support area. The major resistance is still around 78.6K-79.2K.
If BTC closes a daily candle above the previous daily candle high based on the Fibonacci retracement levels, we could see continuation towards the 0.5 Fib level at 79.4K.
But as long as pricthe e remains below this resistance area, the market may continue to trade sideways with bearish bias and another run towards 76K is possible.
bitcoin:native