Bitcoin is consolidating within the $75,000–$78,000 support cluster, where a potential three-drive reversal pattern may be taking shape. Price is trying to stabilise after a strong bearish expansion wiped out major structural levels.
Although downward momentum remains dominant, this region is historically significant for Bitcoin. The emerging three-drive structure, combined with early signs of compression, suggests the market may be preparing for a potential shift in direction.
Key Points
- Bitcoin stabilising inside the $75K–$78K support cluster
- Early signs of a potential three-drive reversal structure
- Market showing initial compression after extended downside
What to Expect
If Bitcoin completes the third drive and reclaims the $78K zone with momentum, a stronger recovery may form. Failure to hold this support could lead to deeper downside continuation.
Although downward momentum remains dominant, this region is historically significant for Bitcoin. The emerging three-drive structure, combined with early signs of compression, suggests the market may be preparing for a potential shift in direction.
Key Points
- Bitcoin stabilising inside the $75K–$78K support cluster
- Early signs of a potential three-drive reversal structure
- Market showing initial compression after extended downside
What to Expect
If Bitcoin completes the third drive and reclaims the $78K zone with momentum, a stronger recovery may form. Failure to hold this support could lead to deeper downside continuation.
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Join the Free Trading Group
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
