Key points:
Bitcoin is at a critical juncture, as a close below $76,000 may deepen the pullback toward $70,000.HYPE and ZEC are in an up move, but most other major altcoins are struggling to find support.
Bitcoin (BTC) has risen above $77,500, but the recovery is expected to face resistance in the $78,500-$82,000 range. The net outflows of $979.7 million from spot BTC exchange-traded funds this week, according to Fireside Investors data, suggest that investors have turned cautious in the near term.
Crypto analyst Ardi said in a post on X that the next retest of the $74,000 to $75,000 zone may be the most important test of this entire bear market. The zone is important because it acted as stiff resistance in 2024 and then flipped into support during the retest in 2025. A break below the support zone may “expose the market to a much deeper rotation back toward the bear market lows.”
Crypto market data daily view. Source: TradingView
Although BTC appears weak in the near term, analysts do not anticipate a sharp decline. CryptoQuant analyst Sunny Mom said in a recent QuickTake analysis that if BTC holds the $70,700 level, it is likely to consolidate in the $70,000 to $82,000 range “to burn time and digest the supply.”
Could BTC and the major altcoins start a strong recovery? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC is attempting a bounce off the breakout level at $76,000, indicating that the bulls are striving to turn it into support.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
Sellers are unlikely to give up easily and may vigorously defend the 20-day exponential moving average ($78,484). If the BTC price turns down sharply from the 20-day EMA, it increases the risk of a break below $76,000. If that happens, the BTC/USDT pair may plunge to the support line.
Contrarily, a close above the 20-day EMA signals demand at lower levels. The bulls will then endeavor to push the pair to the overhead resistance at $84,000. This is a critical level for the bears to defend, as a close above it clears the path for a rally toward $97,924.
Ether price…
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