Bitcoin tests key support; break above $79,410 lifts, below $77,300 targets $68,000
Bitcoin sits on a make-or-break trendline; break above $79.4k or drop to $68k
Bitcoin is testing a key ascending support. A breakout here sets the next leg up or a pullback toward $68,000.
Analyst Ardi laid out two paths on X. He flagged price right at converging supports. An ascending trendline pointing to $79,418 and a liquidity zone near $77,300. See his chart and levels.
This trendline has guided price since $65,000 in early April. Every swing high in the recovery respected it. Early-April rally context.
Ardi says the broader bullish structure holds while the trendline holds. A break above roughly $79,410–$79,418 opens more upside. Structure note and trigger level.
If $77,300 fails, he sees the first clear breakdown. Momentum would flip. Breakdown signal.
Below that, he maps liquidity steps. A retest near $76,000. Then a pullback toward $73,600 if selling persists. Selling pressure reference.
Lose that area, and $68,000 comes into view. Bearish target call.
- Key supports: trendline near $79,418 and liquidity around $77,300 source
- Bullish trigger: break above ~$79,410 source
- Bearish path: under $77,300 → $76,000 → $73,600 → $68,000 source and source
Others frame this as a broad bull backdrop after the push above $79,000. Ardi stays cautious, mapping both sides. Bullish backdrop and $79k surge context.
