- Ali Charts identifies $71,200 as a potential accumulation zone based on Bitcoin’s short-term holder cost basis.
- BTC holds around $77,000, with $76,500-$77,000 support and $77,500-$78,000 resistance defining the near-term range.
- RSI and MACD remain bearish, while a break below $76,500 could expose $76,000 and lower support levels.
Bitcoin’s next buying zone may sit near $71,200, according to analyst Ali Charts, who identified the level as a potential accumulation area. His view follows Bitcoin’s retreat from nearly $80,000 toward $77,000, while market data shows bearish short-term momentum and support around $76,500–$77,000.
Ali Charts Points to $71,200 Cost Basis
Ali Charts said Bitcoin’s short-term holder cost basis has offered useful buying areas during previous bull markets. He focused on the 2022–2025 period, noting that BTC repeatedly created broader buying opportunities whenever it touched or briefly dipped below that level.
The analyst addressed traders who missed Bitcoin below $60,000. He said the move toward $77,000–$80,000 could feel frustrating, but advised against chasing the current price. Instead, he highlighted a possible pullback toward the short-term holder cost basis near $71,200.
Bitcoin Faces Bearish Momentum Near $77,000
Bitcoin currently trades around $77,000. The latest candle opened at $77,129.47, reached $77,138.15, and fell to $77,000 before closing there. It recorded a 0.14% decline, while reported volume stood at zero.
Price held between $79,500 and $80,000 from September 5 to 7. Bitcoin briefly moved above $80,000 before reversing sharply. The decline later reached approximately $78,000, followed by another sell-off toward $76,500–$76,800 on September 11.
A sharp rebound then lifted BTC toward $79,800, although the move faced strong rejection. Since September 12, Bitcoin has traded mostly between $76,900 and $77,500.
Key Levels Define Bitcoin’s Next Move
Technical readings remain weak. The RSI is at 39.23, below its moving average at 45.82 and the neutral 50 level. However, it remains above the 30 oversold threshold. A move above 50 would indicate stronger buying pressure.
The MACD line is at -59.30, below the signal line at -43.10. Its histogram reads -16.20, confirming renewed downside momentum after the rebound. Support currently spans $76,500–$77,000, with stronger support near $76,000.
Resistance appears around $77,500–$78,000, followed by $79,000 and $79,800. A sustained move above $78,000 could support recovery, while a break below $76,500 could expose $76,000 and lower levels.
