Bitcoin has entered a critical technical phase after breaking a long-standing descending trendline, but analysts caution that the real confirmation is still ahead near the $80,000 to $83,000 resistance zone.
According to crypto analyst EGRAG Crypto, Bitcoin’s break of the yellow descending trendline and its reclaim of the $74,000 level are constructive signals, yet they do not confirm a macro bullish structure. EGRAG emphasized that Bitcoin must overcome the blue ascending trendline — a former support level that now acts as resistance — before buyers can claim firmer control.
On the daily chart, Bitcoin was trading near $78,460, just below the main decision zone. EGRAG identified roughly $83,000 to $85,000 as the region Bitcoin needs to reclaim and hold for stronger macro bullish confirmation. A sustained close above that area could show stronger demand and lower the risk of another rejection.
If Bitcoin fails to break higher, the first support sits at $74,000. Losing that level could shift attention toward $64,000 to $67,000, described by EGRAG as the most logical retest. A breakdown below $64,000 may expose a macro reset zone between $52,000 and $55,000.
Separate technical observations show Bitcoin has been consolidating after a rally that ended near $79,500, with a local high around $81,235. Two falling wedges formed during this sideways phase and both broke to the upside, while the RSI indicator has reset from heavily oversold conditions. On the weekly chart, a break of a 2.5-year RSI trendline is viewed as a potentially strong bullish signal, though the 50-week simple moving average remains a key overhead obstacle.
The analyst also warned that a deeper Bitcoin correction would likely hit altcoins harder. EGRAG named XRP, HBAR, XLM, VET, DOT, FIL and VELO as potential macro accumulation candidates, but said those opportunities carry considerable risk if broader market weakness persists.
