Bitcoin's attempt to push higher hit a wall this week as the $78,800 resistance zone held firm for the third time. After a triple retest of the 4-hour bullish order block, the asset managed a $1,700 rebound and cleared $77,400 — but it stalled just shy of the bearish order block stretching from $78,800 to $79,600. That zone is now the defining barrier for any near-term upside.
Support holds, but barely
The $77,000 level remains the primary defensive support. Bitcoin tested it repeatedly and held, but the relief rally that followed isn't convincing everyone. If $77,000 breaks, the next supports sit at $75,700 and then $73,500 — the latter a zone that has historically drawn institutional bids. For now, buyers are defending the line, but they haven't managed to turn the tide.
Two analysts, two outlooks
Analyst Ultimae sees the current decline as a healthy consolidation phase. In his view, the broader uptrend stays intact unless Bitcoin loses the support line of the red box — a technical level he's been tracking. He's not panicking.
Qingtianbtc reads the same price action very differently. He interprets the upward move as a temporary relief rally, not a real reversal. His expectation: exhaustion somewhere between $78,300 and $78,800, followed by a resumption of the downtrend.
The immediate question is whether Bitcoin can break that $78,800–$79,600 bearish order block on a fourth attempt. If it doesn't, the risk of a drop below $77,000 grows. The conflicting analyst reads mean traders are left to pick a side — consolidation or relief rally — without a clear consensus yet.
