BTC is trading inside a marked resistance area on the daily chart shared by Super฿ro, while the setup shows price reacting to several long-term “magnet” trendlines. The left side of the chart shows BTC recovering from its February low and pushing toward the green 0.5 trendline. Price has already moved above the lower magnet lines and now sits near the next major diagonal level. BTC Daily Magnet Lines. Source: Super฿ro The chart marks the current area as important because BTC has reached the same zone where previous rallies slowed. A clean move above this region would put the next magnet levels in focus, including the yellow 0.618 line and the red 0.75 line higher on the chart. The right side of the chart shows BTC holding inside a gray range after a strong April recovery. The chart also highlights an incoming bullish cross, with shorter moving averages rising toward longer moving averages. That bullish cross would add technical support to the recovery if price holds the range. It would also show that short-term momentum has started to shift above the wider moving average structure. However, BTC still needs confirmation. If price fails to break the gray range, the chart suggests BTC may keep moving sideways before another attempt at the higher magnet lines. BTC Price Faces $79,537 Resistance as Chart Splits Between Downside Roadmap and Bullish Alternative BTC is testing a key short-term resistance area near $79,537, according to the 1-hour BTC/USD chart shared by Man of Bitcoin. The chart labels the recent upside move as a 3-wave structure. That keeps the analyst focused on the white downside roadmap, which shows BTC rejecting below resistance before moving toward lower support levels. BTC Elliott Wave Roadmap. Source: Man of Bitcoin The main resistance sits near $79,537. A rejection from that area could keep BTC inside the corrective setup and put the lower Fibonacci zone back in focus. The chart marks downside levels near $72,936, $71,345, $69,785, and $67,626. A deeper move could also bring the wider support near $64,974 back into view. However, the chart also includes an orange alternative scenario. That path remains valid as long as BTC holds above $77,115. If BTC stays above that level and pushes through $79,537, the alternative setup could point toward higher resistance near the red zone above $86,000.
