- Bitcoin BTC tests support between $74968 and $77253
- Holding above $74,968 keeps current bullish structure intact
- Breakdown below support may lead to deeper price correction
Bitcoin (BTC) is testing a key support zone between $74,968 and $77,253 as short-term weakness emerges. Analysts note that a pullback remains possible within the current structure, while the broader trend has not confirmed a top. Price holding above support keeps the current setup intact, but a breakdown could shift momentum toward further downside.
Bitcoin BTC Tests Key Support Zone Amid Pullback Risk
Bitcoin (BTC) is trading near a critical support range between $74,968 and $77,253. According to analysts at More Crypto Online, this zone remains the first key area for price stability. At press time, Bitcoin is down 1.27% in 24 hours, trading near $78,357.
The 1-hour chart shows that Bitcoin has not formed a major price top. However, analysts expect a possible pullback in wave (B) or wave (2). This suggests the market may still be within a corrective phase.
As long as Bitcoin holds above $74,968, the pullback may remain controlled. Analysts noted that this movement could be part of a B-wave retracement within the current structure.
Bitcoin BTC Structure Depends on Holding Key Support Levels
Bitcoin (BTC) continues to follow a defined trend channel on the chart. The lower boundary of this channel may act as additional support if selling pressure increases. This level could help stabilize the price in case of further downside.
A breakdown below $74,968 would change the current outlook. Such a move could invalidate the existing bullish structure and open the path to deeper losses.
The current setup reflects a balance between short-term weakness and broader structure. Bitcoin remains sensitive to price movements within this support zone.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
