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Bitcoin surged, faced resistance, and pulled back. This is a normal reaction after an impulsive move upward. In the previous run, prices tapped around $79,500 before its retracement.
The 76,000 zone remains a key daily support I've been watching for weeks, while the weekly open is another important level to monitor for directional bias. As long as price holds above both supports and daily candles continue closing strong, the broader bullish structure remains intact.
There is still potential for a third leg higher, with a clean break above $79,500 opening room toward the $84,000 range.
After that expansion, I’d be watching carefully for signs of exhaustion and a possible sharp correction(drastic dump).
Let's see