Bitcoin hits resistance at $78k, risks drop toward $70,165 if $72k breaks

Bitcoin rejected near $78k. Key supports now in play.

Bitcoin rejected at $78,037; 2–618 trigger confirms correction

Bitcoin hit $78,037 and sold off. The 2–618 pattern activated. This started a corrective move. Source.

The decline may stretch to $73,762. Holding this level keeps a bullish push possible. Chart and context.

A slip below $73,762 targets $70,165. That aligns with 0.618 support of the last leg. Defending it can fuel another bounce. Source.

Bulls need a close above $79,555. That sets a 4h higher high and resumes the macro trend. Next zones sit at $98,000 and $107,000–$109,000. Threshold and targets.

Secondary supports stand at $65,666, $63,823, $62,433, and $60,000. A daily close below $60,000 would be bearish and may start a deeper drawdown. Signal.

Key zones: $80k area and $72k flip

Low $80,000 remains pivotal for bulls short to mid term. View.

$72,000 flipped from two months of resistance into support. Holding it builds a base. A breakdown below $72,000 points to fading momentum and more sideways trade. Flip and risk.

Bitcoin gained 20% in April. Expect volatility ahead. Context.

• $78,037 tagged and rejected. Source
• $73,762 as near-term decision level. Chart
• $70,165 as 0.618 support. Level
• $79,555 close needed for bulls. Reference
• $98,000 and $107,000–$109,000 as upside zones. Targets
• $72,000 as flipped support. View and history
• $65,666, $63,823, $62,433, $60,000 as deeper supports. Risk