{"id":131858,"date":"2026-02-03T02:38:31","date_gmt":"2026-02-03T02:38:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=131858"},"modified":"2026-02-03T02:38:31","modified_gmt":"2026-02-03T02:38:31","slug":"bitcoin-price-attempts-a-comeback-but-follow-through-remains-thin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=131858","title":{"rendered":"Bitcoin Price Attempts A Comeback, But Follow-Through Remains Thin"},"content":{"rendered":"

Bitcoin price extended its decline below $78,000. BTC is now attempting to recover from $74,500 but faces many hurdles near $80,000.<\/em><\/p>\n

Bitcoin is attempting to recover above $77,000 and $78,000.
\nThe price is trading below $80,000 and the 100 hourly simple moving average.
\nThere was a break above a bearish trend line with resistance at $78,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip again if it trades below the $77,000 and $76,000 levels.<\/p>\n

Bitcoin Price Faces Resistance<\/h2>\n

Bitcoin price failed to remain stable above the $82,000 zone. BTC extended its decline<\/a> below the $80,000 and $79,500 levels. The bears were able to push the price below $78,000.<\/p>\n

It spared major bearish moves, pushing the price below $76,000. A low was formed at $74,543, and the price is now attempting to recover. There was a move above $78,000. The price surpassed the 23.6% Fib retracement level of the downward move<\/a> from the $90,440 swing high to the $74,543 low.<\/p>\n

Besides, there was a break above a bearish trend line with resistance at $78,400 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $80,000 and the 100 hourly simple moving average.<\/p>\n

<\/a><\/p>\n

If the price remains stable above $77,000, it could attempt a fresh increase. Immediate resistance is near the $79,200 level. The first key resistance is near the $80,000 level. A close above the $80,000 resistance might send the price further higher. In the stated case, the price could rise and test the $82,500 resistance or the 50% Fib retracement level of the downward move from the $90,440 swing high to the $74,543 low. Any more gains might send the price toward the $84,000 level. The next barrier for the bulls could be $85,000 and $85,500.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $79,200 resistance zone, it could start another decline. Immediate support is near the $78,000 level. The first major support is near the $77,000 level.<\/p>\n

The next support is now near the $76,000 zone. Any more losses might send the price toward the $74,500 support in the near term. The main support sits at $72,000, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $77,000, followed by $76,000.<\/p>\n

Major Resistance Levels \u2013 $79,200 and $80,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price extended its decline below $78,000. BTC is now attempting to recover from $74,500 but faces many hurdles near $80,000. Bitcoin is attempting to recover above $77,000 and $78,000. The price is trading below $80,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":131859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-131858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131858"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131858"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/131859"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}