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🚀 $BTC Resilient Comeback: Bulls Reclaim Ground, But Can They Smash the $80k Wall? 🔥
The current recovery on the hourly chart shows strong bullish momentum, especially with the higher low established around $74,289.60 and the subsequent bounce past $77,200. Maintaining a position above the $76,108 local support keeps the immediate upward structure intact.
However, breaking and holding above the strong $80,000 resistance area will likely require a sustained influx of buying volume. While the current recovery structure is solid, the price is approaching crucial overhead liquidity where sellers have previously stepped in.
Watching the reaction around the $77,543.15 minor resistance will offer the first clear indication of whether the bulls have enough strength to carry the market toward a full retest and breakout of the $80,000 zone.
#TradfiTradingChallenge