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$BTC 📍76K level is now a critical support.
🟢Above 76K, target is 84.5K
🔴Below 76K, target is the 72K-72.5K region.
Friends, $BTC is currently continuing its movement within the ascending channel it has formed since February. With the recent drop, we saw a retracement to the 76K level, which is the Fibonacci 0.382 retracement level of the rise from channel support to channel resistance. Currently, the price seems to have made the 76K level a support.
As long as it stays above this support, the first target will be the 84.5K levels again.
However, it should not be forgotten that it is priced below the middle band of the ascending channel. Therefore, for the rise to gain strength, this trend resistance needs to be overcome first.
📍In summary:
👉Above 76K, the outlook is positive. 84.5K and then 98K targets are on the table.
👉If it closes below 76K, we may see a pullback to the rising channel support, approximately to the 72K-72.5K level. Continue monitoring.

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