8h ago
Bitcoin Approaches $74,500–$83,800 Support Zone as ABCD Pattern Points to $86,000 Pivot
Bitcoin is nearing a critical demand zone between $74,500 and $83,800, which previously fueled April's rally and aligns with key Fibonacci retracement levels. The breach of BTC's long-term ascending trendline has shifted momentum lower, with technical indicators reflecting stretched conditions. Market participants are monitoring for reversal signals within this support range, which coincides with the completion of a broader ABCD pattern targeting an $86,000 pivot point.