The daily chart for Bitcoin currently highlights the importance of the $75,800 to $76,800 range, now serving as a critical support band for the market leader. In recent days, BTC has repeatedly tested this range from above, consistently remaining above the crucial support level. Analysts emphasize that as long as Bitcoin stays above this zone, upward momentum could return, reviving hopes of another major rally.
Breakout moment for the W pattern
After forming double bottoms near $64,000 and $67,000 during its March-April correction, Bitcoin regained strength and broke above the neckline of the “W pattern” at $75,800. This technical breakout triggered a powerful bullish run, temporarily pushing BTC to levels around $82,000. The market’s attention now turns to whether this key neckline level will continue to provide support for Bitcoin.
Technical analysts note that daily closes above $75,811 are viewed as a positive signal for sustaining the overall uptrend. Closing above this figure is being closely monitored by traders assessing short-term momentum.
According to the chart from the analyst known as Man of Bitcoin, if the support area holds, the next key target for BTC could lie above $90,000. Additionally, a new resistance barrier is being identified near $97,835, just beyond this target zone.
However, if the daily closing price slips below the support range, the “W pattern” setup loses its relevance, potentially signaling the start of another correction phase for Bitcoin.
Support from moving averages remains strong
Moving averages play a crucial role in sustaining Bitcoin’s upside. Data shared by analyst Super฿ro indicates that BTC is trading near $76,769—close to both its 50-day and 100-day exponential moving averages (EMAs), which historically serve as key technical feedback zones.
Currently, the 50-day EMA sits at $76,725 and the 100-day EMA at $76,854, with BTC’s price fluctuating above both levels. Remaining above these marks is broadly seen as a sign that buying interest continues in the short term. On the simple moving average (SMA) front, BTC trades above the 100-day SMA at $75,841, further strengthening the bullish outlook.
Interestingly, the lowest points reached in 2025 have also clustered around this same support band, adding a layer of historical importance to the $75,800 to $76,800 area. Most analysts argue that as long as BTC holds this zone, the current pullback is merely a natural correction after recent gains.
Experts maintain that as long as both the moving averages and W pattern supports are protected, expectations for a $90,000 move in BTC remain intact. Still, if major supports fall, the technical setup could weaken significantly.
According to up-to-date pricing data from CryptoAppsy, Bitcoin is currently hovering near $76,973. Its ability to maintain this footing within the support region will continue to shape sentiment across the broader crypto market.
