Bitcoin: Bounce Holds Above $79K for New Highs

Bitcoin delivered a sharp bounce that keeps the structure intact above the $79000 threshold, according to @CryptoMichNL. Holding that level opens the path toward fresh highs while a break sends price toward the $77100 support zone and extended consolidation.

Price action at 80571.2 now presses the upper Bollinger Band at 80358.37 with RSI at 67.28 remaining neutral, while the MACD death cross at 883.19 signals fading momentum even as the EMA50 at 75950.8 and EMA200 at 69075.42 anchor the broader bullish trend. A healthy retracement toward the 50-EMA support therefore appears probable before any sustained continuation higher.