Bitcoin rebounds from $74,913, but $77,000 remains key resistance
- —BTC rebounded from $74,913 to $76,701 but stalled at $77,000-$77,200
- —Daily RSI at 48, with oscillators showing 2 negative, 7 neutral and 2 positive
- —50/100/200-period EMAs and SMAs remain positive
- —A daily close below $75,000 would open the path to $74,000-$73,000
Why it matters: Holding $75,000 preserves the recovery structure, but a break above $77,000 is needed for a return to $78,000-$80,000.
Source: Bitcoin.com