BroadChain, April 24, 14:46, according to NewsBTC, Bitcoin price found support near $75,000 and initiated a new rally, breaking through resistance levels at $76,500 and $77,500, reaching a high of $79,490. BTC is currently consolidating above $78,000, with a bullish trend line forming at $78,000 on the hourly chart, and the price is holding above the 100-hour simple moving average.
If BTC can maintain above $77,200, it may attempt further upward movement, with short-term resistance at $78,550. A break above this level could lead to a test of $79,000. Once effectively above $79,000, the price could move toward $79,500 or even $80,000, with the next key target at $82,000.
On the downside, if it fails to break the $78,550 resistance, a pullback may occur, with initial support at $78,000, followed by $77,000 (corresponding to the 50% Fibonacci retracement level from the low of $74,850 to the high of $79,490). If $77,000 is lost, the next support is at $76,250, with further declines potentially testing $75,500, and key support at $75,000.
Technical indicators show that the hourly MACD is accelerating in the bullish zone, and the RSI is above 50, indicating short-term momentum is relatively strong.