What Is Supporting Bitcoin’s Recent Moves?Bitcoin / TetherUSBINANCE:BTCUSDTCFIBitcoin has recently gained positive momentum, breaking above the $80,000 level, supported by several fundamental factors that have improved investor appetite for cryptocurrencies. One of the main drivers has been easing concerns over potential US interest rate hikes, which contributed to lower bond yields and supported risk assets, including cryptocurrencies. At the same time, attention has returned to institutional flows and Bitcoin ETFs as important factors in determining the sustainability of demand. Technical Outlook: Can Bitcoin Maintain Its Bullish Momentum? Bitcoin is trading within a bullish market structure on the four-hour chart, continuing to form higher highs and higher lows. In the short term, we could see a correction toward the $77,558–$76,990 area, which represents the 78.6% and 88% Fibonacci retracement levels, making it an important demand zone that could restore bullish momentum. If the price rebounds from this area, Bitcoin could retarget $80,885 in the short term, followed by an attempt to form a new higher high above $82,313. The $76,264 level remains the key level for maintaining the bullish scenario, as it represents the most recent higher low. A break below this level, accompanied by a four-hour candle close below it, could revive bearish momentum and invalidate the current bullish scenario.