Bitcoin: Trader Flags $79.4K Liquidations at Range Highs

Bitcoin has slipped back inside its established range after a brief deviation above the highs, with fresh liquidations stacking at the $79.4k level that now serves as the key execution trigger.

Traders are preparing for a measured pullback toward the $71k liquidity pool while watching for any rejection near $79k, keeping both entry and invalidation levels mapped in advance. This setup aligns with ongoing BTC price prediction models that factor in range-bound behavior over the past six months.

Price action at $77594.91 sits inside the Bollinger Bands with upper resistance at $78112.49, while the EMA50 at $78117.65 caps upside and the EMA200 at $77382.18 offers nearby support. Momentum remains neutral on RSI at 49.71 even as the MACD registers a bullish golden cross at -116.48, suggesting any push into the upper band could exhaust quickly and trigger a healthy retracement before continuation.