Bitcoin BTC technical analysis

Bitcoin trades at $79,642, up 1.43% on the day, with momentum neutral: 4h RSI14 sits at 51 and 1D RSI14 at 52. Price holds above the 4h SMA20 of 79,225.61, aligning with the broader daily uptrend, where SMA20 (78,769.44), SMA50 (70,256.49), and SMA200 (69,959.74) all slope upward.

The immediate battle is between the 4h support zone of 78,660-79,500 (11 touches) and the overhead resistance at 80,000-80,559.99 (3 touches). Below, a rising trendline near 77,766.35 (3 touches) and the 77,547.96-78,052.85 support (6 touches) are key. On the 1D chart, 79,380.53-79,619.47 (1 touch) offers minor support, with resistance at 81,256.28-81,495.21 (2 touches).

For bulls, a sustained close above the 80,000-80,559.99 resistance would target 81,256.28-81,495.21. Bears need a break below 78,660-79,500 to test the 77,547.96-78,052.85 zone. Conditional on momentum, a drop under the rising trendline would shift focus to 76,768.53-77,007.