BTC Bitcoin is soon going to test whether ~$78500 will act as a new resistance after being lost as support recently Over the previous two times that Bitcoin 3-Day Closed below…
Rekt Capital Published: 2026-11-01 16:54 UTC Collected: 2026-11-01 18:12 UTC Original language: Not supplied by source
#BTC
Bitcoin is soon going to test whether ~$78500 will act as a new resistance after being lost as support recently
Over the previous two times that Bitcoin 3-Day Closed below ~$78500 (May and Sep…
#BTC
Bitcoin is soon going to test whether ~$78500 will act as a new resistance after being lost as support recently
Over the previous two times that Bitcoin 3-Day Closed below ~$78500 (May and September), the bearish retests were both initially successful
In May, Bitcoin dropped to new lows for the Bear Cycle whereas in September Bitcoin experienced two 3-Day bearish retests to new Lower Lows before a bullish trend reversal occurred
If the 3-Day bearish retest is successful once again on this occasion, that could see price go below the recent local lows of ~$76000
$BTC #Bitcoin
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#BTC Let's see how Bitcoin reacts from ~$76800 After all - "any lesser rally than the mid-September uptrend originating from this local ~$76800 support would be a sign of weakening support" If Bitcoin produces a weak bounce but rejects from ~$78300 then that's a weakening support
#BTC "If the 3-Day bearish retest is successful once again on this occasion, that could see price go below the recent local lows of ~$76000" Indeed, the 3-Day bearish retest was successful and price could very well go below ~$76000 $BTC #Bitcoin
#BTC There's the bearish retest confirmed Bitcoin has performed three consecutive Weekly bearish retests, turning old supports into new resistances $BTC #Bitcoin
