Bitcoin Uptrend Remains Alive Despite Bearish Pressure Below $78,800

Should price action result in a clear breach of this immediate support, $75,700 is the next immediate area of interest where liquidity may be gathered. Further downside pressure from that point would bring the $73,500 support into focus, a level that has historically served as a critical zone for institutional interest.

To invalidate this upward structure, the price would need to break decisively through the support line of the red box highlighted on the chart. Until that boundary is breached, the current market environment is viewed as constructive. While a minor drift toward $73,500 remains a possibility, the expectation is for a recovery bounce to materialize soon.