The current analysis suggests that Bitcoin is finding support at the $77,000 range, which aligns with a significant trendline dating back to 2020. This support level has consistently held during major price corrections. The price is hovering around $77,312.78, and the current market scenario is setting up for a potential rally. The price has recently dropped to levels close to the Fibonacci 0.5 extension, which historically serves as a solid foundation for further upward movement. If Bitcoin can maintain this support, a recovery toward higher targets, potentially up to $144,000, could be expected. The chart reveals that the price is currently positioned near the 0.5 Fibonacci extension, which is seen as a major support level. Bitcoin's upward momentum could accelerate if it holds the $77,000 level and breaks through key resistance zones. The volume fluctuations indicate that there is room for upward movement as selling pressure has decreased. Traders and investors should monitor the $77,000 support and look for a breakout above resistance levels for further price action toward new highs.



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