Bitcoin Near Supply Zone – Rejection Could Trigger Drop to 65KBitcoin / U.S. dollarBITSTAMP:BTCUSDLunadigitalBitcoin is currently trading in a bullish structure, forming higher highs and higher lows after a strong recovery from the 65K demand zone. Price has now approached a major supply zone around 77,000–77,300, which previously acted as strong resistance. This level is critical because it aligns with prior rejection areas, making it a high-probability decision zone. As price enters this zone, we can expect increased selling pressure. The current move looks slightly overextended, and momentum may start slowing down near supply. Bearish Scenario (Preferred): Rejection from 77K supply zone Failure to break and hold above resistance Shift in structure (lower highs on lower timeframes) Targeting downside liquidity Target: 65,649 (Strong support / demand zone) Bullish Invalidation: Clean breakout and strong close above 77,300 Retest of supply turning into support Continuation towards higher levels Key Levels to Watch Supply / Resistance: 77,278 Current Price: ~75,117 Major Support: 65,649 Market Structure: Bullish, but at resistance Summary Bitcoin is at a critical resistance zone. If rejection confirms, a deep pullback toward 65K is highly possible. Wait for confirmation — don’t chase entries at resistance. not financial advice