Bitcoin Rebounds Strongly — Can Bulls Drive Price Toward $79,000

Examining the daily timeframe, the $65,666 level serves as a pivot point. As long as Bitcoin maintains its position above this threshold, the overall structure remains skewed toward a potential rise.

A failure to hold the $65,666 level would shift the focus to lower support levels at $63,823, $62,433, and $60,000. The most critical warning comes at the $60,000 mark; a daily close below this psychological and technical barrier would likely extend the corrective phase significantly.