BTCUSD Range Consolidation Near Major Resistance

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BTCUSD Range Consolidation Near Major ResistanceBitcoin / U.S. dollarBITSTAMP:BTCUSDApex_Joan_TradersBitcoin is currently trading inside a consolidation range after a strong bullish recovery from lower levels. Price is approaching the major resistance zone near 79,516, which may act as a key decision area for the next directional move. The chart highlights two important scenarios. A rejection from the strong high resistance could trigger a bearish correction toward lower support levels and the weekly low zone near 74,921. On the other hand, a confirmed breakout above resistance may support bullish continuation and further upside momentum. Current market structure shows range behavior with liquidity building on both sides, so traders may wait for confirmation before entering positions. Key Levels Resistance: 79,516 Range Support: 77,139 Mid Support: 76,608 Weekly Low Target: 74,921