Bitcoin's 25% rally has carried price to roughly $79,000, but the advance is now running into the $80K-$83K resistance zone that previously marked a major swing high. Daily, four-hour, and on-chain data all point to the same question: can buyers hold the $72K-$74K zone on a pullback, or does the market need a deeper reset first.
Bitcoin's 25% rally has pushed the coin to roughly $79,000 before a pullback toward $77,000. The coin is now approaching the $80K-$83K zone, an area that previously marked a major swing high and could draw profit-taking after such a fast climb.
Daily chart shows a break above $66K-$67K resistance
On the daily chart, Bitcoin has decisively broken above the long-standing descending trendline and the $66K-$67K resistance zone, clearing the intermediate $72K-$74K supply area on its way toward $79,000. Therefore, reclaiming the trendline alongside multiple horizontal resistance zones suggests buyers have regained near-term control.
A daily close above $83K would strengthen the bullish structure and could open the path toward the $94K-$98K supply zone. However, a correction from here would not necessarily invalidate the breakout. The former $72K-$74K resistance is now the first area to watch as potential support, and holding it would reinforce the case for a genuine structural reversal rather than a liquidity-driven spike.
Four-hour chart flags $72K-$74K as the level to watch
The four-hour chart shows Bitcoin escaping a converging trendline structure around $64K-$65K and accelerating almost vertically to about $79,500. Given the speed of that advance, the market is now extended from its breakout point, raising the odds of short-term consolidation or a corrective pullback.
The $72K-$74K zone is the first significant support, with Fibonacci levels providing deeper references at roughly $71.1K, $69.1K, $67.7K, and $66.3K. A rejection from the $81K-$83K supply zone followed by a loss of $72K could signal the market needs a considerably deeper reset before another leg higher.
On-chain data shows short-term holders back in profit
The Realized Price UTXO Age Bands chart shows Bitcoin's surge past $79,000 has pushed spot price above the realized-price levels of the 1-3 month and 3-6 month holder cohorts, which sit around $64,000 and $74,000. That has moved these groups broadly back into unrealized profit.
Older cohorts remain well above the current market price, though: the 18-month to 2-year realized price sits near $87,000, while the 6-12 month and 12-18 month bands stand near $95,000 and $105,000. Holding above the roughly $74,000 cost basis of the 3-6 month cohort would be constructive; losing it would suggest the rally has outrun the support of underlying holders.
Source: CryptoPotato
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