Bitcoin Testing Critical Support Zone - Recovery Potential Ahead

Bitcoin is currently consolidating around the $87.76K level (+1.58% over 24 hours), with price action converging toward a pivotal support band located between 75,100 and 80,800. This support zone carries significant weight on the monthly timeframe, having successfully defended buying interest during March 2024 and April 2025 cycles. The current monthly structure suggests that 75,100 represents a critical threshold where accumulation pressures may intensify.

Technical Setup Analysis

On the daily chart, BTC has experienced a sharp pullback toward this support zone, and early price reactions indicate potential institutional buying emerging. The key question for traders is whether this support level holds firm or if bearish momentum accelerates further downside. As long as buyers maintain conviction at the 75,100 level, a medium-term recovery rally becomes increasingly probable. A breakdown below this zone would signal a shift in bias and open the door to deeper selling pressure.

Price Targets and Levels to Monitor

Should BTC hold support and reverse from current levels:

Support Zone: 75,100 – 80,800 ← Critical area to watch

Upside Target 1: 98,000 ← Intermediate resistance

Upside Target 2: 107,500 ← Extended recovery target

The proximity of BTC to this historical support zone creates a high-probability setup for swing traders. Monitor the daily close around this support band for confirmation of buyer engagement.