Bitcoin Uptrend Remains Alive Despite Bearish Pressure Below $78,800
Bitcoin continues to show resilience despite mounting bearish pressure below the critical $78,800 resistance zone. While short-term volatility and repeated rejections have slowed bullish momentum, the broader market structure still indicates an active uptrend, as buyers continue to defend key support levels and position for another potential rebound. BTC Finds New Support Around The $77,000 Region In a recent market assessment, Ultimae highlights that while Bitcoin briefly dipped below the $78,700 support level, the $77,000 zone is currently functioning as the primary defensive floor. This transition suggests that the market is successfully absorbing the recent selling pressure, with $77,000 acting as a key technical pivot for bulls to stabilize the price. Related Reading: Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus Currently, market participants are closely monitoring the Exponential Moving Average (EMA) as a decisive technical indicator. The asset’s a