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Bitcoin has faced strong rejection around the $76,000 resistance zone, signaling that bullish momentum is beginning to fade at higher levels. With selling pressure increasing and key support levels now in focus, the market is entering a critical phase where a breakdown could start to take shape if buyers fail to regain control.
Bitcoin encountered firm rejection after pushing into the $74,000–$76,000 resistance zone, indicating strong selling pressure near the top of the range. The inability to sustain momentum above this area suggests bulls are struggling to maintain control, leaving the price vulnerable to short-term pullbacks.
Analyst Kamile Uray said the $70,467 level on the 4-hour chart has become a critical pivot point. As long as BTC holds above $70,467, the market structure remains supportive of potential upside.
If Bitcoin breaks above resistance with strong volume confirmation, it could extend its rally toward $79,000. Beyond that, $98,000 is cited as the next major macro target. Conversely, repeated rejection at resistance combined with a breakdown below $70,467 would weaken the structure and could open the door to a move into the $68,000–$66,000 support region.
In a recent update on the 4-hour timeframe, Minga noted that price is currently ranging above the previous weekly high on lower timeframes, pointing to consolidation after the recent upward push. While holding above this level suggests underlying strength, the lack of follow-through reflects growing hesitation among buyers.
On the daily timeframe, the $65,666 level is described as a crucial foundation for the broader trend. Staying above it preserves the bullish outlook, but a decisive daily close below $65,666 would indicate increasing weakness.
In that scenario, BTC could revisit support zones at $63,823, $62,433, and $60,000. A daily close under $60,000 would be expected to further confirm a more extended bearish phase.

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