Bitcoin is holding its daily S/R flip and the 50/100 EMA zone, keeping the broader recovery setup alive. However, BTC still faces short-term pressure below $78,600, making that level the key breakout point before any move toward $82,750.
Bitcoin Price Holds S/R Flip as Bullish EMA Cross Nears
Bitcoin is holding a clean support and resistance flip on the daily chart shared by Super฿ro on X, while the 50-day EMA moves closer to a possible bullish cross above the 100-day EMA.
The BTC/USD chart shows price trading near $77,918 after bouncing from the support area around $76,000-$77,000. This zone previously acted as resistance, but the latest pullback shows it may now be acting as support.
BTC/USD Daily EMA Chart. Source: Super฿ro on X
The chart also marks the February high and March high as key breakout levels. Bitcoin has already moved above the March high, while the February high near the upper $79,000 area remains the next important level to reclaim.
The 50 EMA sits near $76,900, while the 100 EMA is near $76,887. These two moving averages are almost touching, which puts a bullish EMA cross in focus.
A confirmed 50/100 EMA bullish cross would support the recovery structure. However, Bitcoin still needs price follow-through above the February high to confirm stronger upside.
The 200-day moving average sits higher, near $81,645. If BTC reclaims the February high and keeps momentum, that 200 MA becomes the next major test.
For now, Bitcoin’s setup remains constructive. The chart shows BTC holding the S/R flip, defending the 50/100 EMA zone, and preparing for a possible bullish cross.
Bitcoin Downside Pressure Stays Strong Below $78,600
Bitcoin remains under short-term pressure on the 4-hour chart shared by Man of Bitcoin on X, with $78,600 acting as the key level bulls need to reclaim.
The chart shows BTC bouncing from the 78.6% Fib area near $76,549 and the 88.7% Fib area near $75,777. However, the recovery still sits below the main resistance level at $78,601.
BTC/USD 4-Hour Fibonacci Chart. Source: Man of Bitcoin on X
Man of Bitcoin said downside pressure remains strong as long as BTC stays below that level. That means the bounce has not yet confirmed a stronger reversal.
The next major support sits at $74,917. If Bitcoin loses that level, the chart points to a deeper support zone between $73,357, $71,284, and $68,433.
On the upside, BTC needs to break above $78,600 first. After that, the next resistance area sits near $82,750, which marks the previous local high zone.
For now, Bitcoin remains in a weak short-term structure. The chart shows buyers trying to defend the Fib zone, but BTC must reclaim $78,600 to reduce downside risk.
