Bitcoin: 50 Week SMA Rejection at $78,380

Bitcoin suffered multiple rejections from the 50 Week SMA this week, pushing price beneath the Timescape R/S Flip line at $78,380 and leaving the next breakout attempt above the 50 WMA at $81,051 dependent on bulls reclaiming that structural level.

Historical reactions to 50 week SMA rejections show BTC often requires several tests before sustained upside, with the current setup echoing patterns from the past twelve months where reclaiming the flip line preceded moves higher.

On the 4h chart Bitcoin trades at $78,023.50 inside the Bollinger Bands with upper resistance at $80,685.12 and lower support at $76,788.46; the bullish EMA structure places concrete support at the EMA50 of $76,960.32 while the MACD death cross at -62.74 signals near-term momentum weakness despite neutral RSI at 47.65, suggesting a healthy retracement toward that EMA50 before any continuation toward the upper band.