Here's an interesting observation: Bitcoin is currently trading around $77.97k and yesterday it only dropped by 0.9%, even though the market is still quite volatile. I noticed that over the week, BTC has risen by 3.67%, and over the month, it's already up by 11.27% — this looks much more positive than before. Cryptocurrency forecasts at these levels usually depend on technical support points.

The main thing is that the price is now fluctuating between key support and resistance levels. The 20-day moving average acts as a pivot point, and the upper boundary around $71K becomes a zone where pressure can be expected. If Bitcoin stays above the current support, there’s a chance for a recovery to $71 000 in the short term. Momentum indicators like Aroon show that the bullish trend is still strengthening.

But the most interesting thing is that analysts point to the 20-month moving average as a zone of accumulation. In previous cycles, Bitcoin often corrected to this level before continuing its growth. Cryptocurrency forecasts based on such long-term patterns suggest that we might be at a good entry point for long-term holders. Such technical models rarely repeat, so it’s worth keeping an eye on this.