Bitcoin (BTC) Rejected at $79K Again, Breakout or Drop Next?
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Bitcoin stalled below $79,000 after another failed breakout, repeatedly capped by a bear‑market resistance band and showing ongoing selling pressure. Weekly MACD has a bullish crossover, but weakening demand and a second decline in the same zone raise renewed downside risk; $72,000 cited as a potential pivot. Market sits in a key decision zone for crypto price action where support stability will determine traders' positioning and short‑term direction.
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- Bitcoin remains capped below $79K as repeated rejections highlight strong technical resistance pressure.
- Mixed signals emerge as weakening demand contrasts with a bullish MACD crossover on the weekly chart.
- The market faces a key decision zone as traders weigh support stability against renewed downside risk
Bitcoin stalled below $79,000 after another failed breakout attempt, underscoring persistent resistance near key technical levels. In a post on X, analyst Ardi said the asset again peaked near the bear market resistance band, a range that has repeatedly capped recent rallies.
It comes as the second decline within the same area, indicating ongoing selling as traders re-evaluate the momentum for buying. According to Ardi, Bitcoin often closes out this point during the latter part of a bear market, although this trend appears unlikely at the moment.
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