CryptoNeutralNewsBTC · 3h ago6/10
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Bitcoin Clings To Key Support: EMA Reclaim Vs $78,000 Resistance Showdown
Bitcoin is consolidating near $78,000 resistance while maintaining a marginal weekly close above its 21-week EMA, a technical milestone suggesting potential support for future rallies. However, repeated rejections at the $78,000 level and recent volatile downside wicks toward $73,000 indicate that bullish momentum remains contested, with the next weekly candle close determining whether the uptrend sustains or faces deeper correction.
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