Bitcoin has bounced from a support area near $75,000 and is now moving toward the round $80,000 level. In the technical view outlined in the source article, the rebound keeps the intermediate upward move intact, with the next upside resistance seen at $85,000.
Support zone combines prior resistance and Fibonacci level
The article identifies the recent turning point as a support cluster made up of the $75,000 level and the 38.2% Fibonacci retracement of the upward impulse that started at the end of last month. It also notes that $75,000 had previously acted as resistance in March, where an earlier wave was halted.
From that area, Bitcoin reversed higher and continued what the article describes as the active intermediate impulse wave (C) that has been in place since late March. That framing matters. It treats the latest rise not as a standalone bounce, but as a continuation of an existing upward structure.
$80,000 is the near hurdle, $85,000 is the next level in view
Bitcoin is currently approaching the $80,000 resistance zone. The source describes this level as a former multi-month low from November, giving it added technical significance on the chart. If the current impulse wave keeps its strength, attention shifts higher.
In that case, the next resistance level highlighted in the article is $85,000. The source also describes that area as a former strong support from December, which means it may now act as an overhead barrier. The original piece states that the analysis reflects the author’s own view and does not constitute investment advice.