Bitcoin at $76,900 after pullback from $79,000; $76,000-$76,700 support in focus
- —BTC holds near $76,900 after retreating from highs above $79,000
- —Support at $76,000-$76,700, resistance at $77,100-$78,400
- —Oscillators: 2 bearish, 8 neutral, 1 bullish signal
- —Moving averages: 7 sell and 7 buy
Why it matters: Holding $76,000 keeps alive the chance of a bounce to $78,000-$79,600, while a breakdown opens the way to $74,000-$75,000.
Source: Bitcoin.com