Bitcoin is trading near a key support area after two charts showed pressure around short-term resistance and major daily moving averages. The next move depends on whether BTC holds the $76,431–$74,943 zone or breaks lower toward the 2025 low. Bitcoin Price Tests Support After Local Top Rejection Bitcoin traded near $77,337 after reversing from a short-term local top zone on the one-hour chart shared by Man of Bitcoin on X. The analyst said BTC turned lower from the “ideal zone for a local top” and marked a support area for a possible 1-2 setup. That support range sits between $76,431 and $74,943. Bitcoin Price Chart. Source: Man of Bitcoin on X The chart shows Bitcoin losing momentum after reaching the upper Fibonacci levels near $77,655, $78,042, and $78,595. BTC failed to hold that zone, which shifted attention back to the lower support area. At the time shown on the chart, Bitcoin traded around $77,330, still above the first marked support level. The next key area starts at $76,431, followed by deeper levels near $75,994, $75,558, and $74,943. The setup also includes a descending trendline crossing near the support zone. That gives the area more weight because BTC is testing both Fibonacci support and trend structure. If Bitcoin holds the marked range, the chart leaves room for another upside move. The projected path points toward the $81,000–$82,000 area first, with a higher level marked near $82,750. However, a clear move below $74,943 would weaken the short-term structure. In that case, the next visible downside level on the chart sits near $74,163, while the broader lower support area appears closer to the low $73,000s and $71,000s. Bitcoin Price Tests Moving Averages as BTC Chart Points to Big Weekly Close Bitcoin traded near $76,569 on the daily chart as analyst Super฿ro said BTC still has a setup that could push price toward the 200-day SMA. The chart shows Bitcoin sitting around the 50-day EMA at $76,791 and the 100-day EMA at $76,852. Both moving averages are close to the current price, which makes this area important for the next move. Bitcoin Daily Chart. Source: Super฿ro on X The analyst said Bitcoin could still “squeeze through the 200 SMA.” The chart places the 200-day SMA near $80,272, above the current range. BTC would need to recover above the short-term moving averages first before testing that higher level. The April high also sits above price, near the $79,500 area. That level comes before the 200-day SMA, so Bitcoin faces two major upside tests if buyers regain control. On the downside, the chart marks the monthly open near $76,569, close to where BTC was trading. Below that, the Friday TradFi close sits around the $75,700–$75,800 zone. Super฿ro said shorts may only get a brief exit window near that Friday close if his upside view is right. The chart also shows a previous swing low near the $75,000 area. A deeper breakdown would put the 2025 low, marked near $74,500, back in focus. Super฿ro said the bearish case would become clearer if sellers continue Friday’s move and push Bitcoin through the 2025 low. That would weaken the current setup and show that buyers failed to defend the lower range. The analyst also pointed to the weekly and monthly closes on Sunday. He said both closes align this week, which could set the tone for the final month of the second quarter.
