Bitcoin: Analysts Align on Bullish Targets

Bitcoin reclaimed $78,000 as two previously divided analysts now share the same trade. @Jason60704294 added back full long exposure between $75,000 and $78,000 and maintains the $120,000 cycle target. @Jackyi_ld flipped from bearish to bullish and sees the next leg reaching $82,600 once the 40-day rebound demand is met.

Black swan selling earlier this cycle briefly broke the $78,000 level, yet the market absorbed the shock without further downside. Historical bull-market cycles show similar liquidity shocks followed by rapid recovery once negative catalysts are exhausted.

Price sits at $78,096 inside the Bollinger Bands with upper resistance at $78,760. The 50-EMA at $78,474 now acts as immediate support while the 200-EMA at $80,821 caps the broader structure. MACD has printed a golden cross at -321 yet the trend remains bearish until price clears the 200-EMA; RSI at 52.68 offers neutral momentum, suggesting any push into the upper band is likely to meet selling before a deeper test of the 50-EMA support.