Bitcoin is testing a key recovery zone after losing the 3-day 200 SMA, while bulls try to hold the reclaim of the 50 SMA. The short-term chart points to $78,600 as the next breakout level, but the move still needs stronger confirmation. Bitcoin 3-Day Chart Flashes Key Test After 200 SMA Loss Bitcoin is trading near $77,725 on the 3-day chart, sitting just above the 50 SMA at $76,635 but still below the 200 SMA at $92,915. The chart shared by Super฿ro shows BTC trying to reclaim short-term trend support after losing the longer-term moving average. The main point is simple. In past cycles, Bitcoin showed weakness after falling below the 200 SMA. The chart marks similar moments in 2018 and 2022, when BTC later moved into deeper declines. BTC 3-Day Chart. Source: Super฿ro on X However, the chart also highlights a second signal. When Bitcoin reclaimed the 50 SMA on the 3-day timeframe, price later entered stronger recovery phases. That happened after the 2019 low and again around the 2023 recovery area. The current setup shows Bitcoin retesting the 3-day 50 SMA after printing nine consecutive higher lows, according to the inset. That means buyers have defended higher levels during the latest bounce. Still, BTC needs to hold above the 50 SMA for this signal to matter. The next major level remains the 200 SMA near $92,915. Until Bitcoin moves back above that area, the broader structure stays under pressure. A clean hold above the 50 SMA would support a short-term recovery attempt, while rejection would keep the chart exposed to another move toward the recent lower range. Bitcoin Bulls Face $78,600 Breakout Test as Recovery Stays Corrective Bitcoin is trying to keep the orange roadmap active, with the next key test sitting near $78,600. A break above that level would open the way toward the larger resistance area near $82,750. The chart shows BTC bouncing from the $75,777 to $76,549 Fibonacci zone. That area acted as short-term support after the recent pullback. As long as price holds above it, bulls can still defend the recovery structure. BTC 4H Elliott Wave Chart. Source: Man of Bitcoin on X However, the move does not look fully impulsive yet. The bounce appears corrective because price is rising in a controlled pattern, not with strong expansion. That makes the setup less reliable until BTC clears resistance with strength. If Bitcoin breaks above $78,600, the next focus moves to $81,960 to $82,750. A stronger continuation could then target the higher Fibonacci zone between $86,582 and $89,529. If BTC fails at $78,600, the lower levels become important again. The first support remains near $74,917. A deeper loss could bring the orange downside zone into focus, especially around $71,284 and $68,433.
