- The 3-day Bitcoin chart indicates bullish divergence which suggests a short-term price uptrend is likely to happen.
- The major support zone exists between $76,000 and $78,000 as the price continues toward resistance level $83,425.
- A new price growth beyond $83,425 might propel BTC toward $90,000 but continued lower activity could drag prices below $75,000.
Technical indicators on the 3-day chart show signs for a possible price recovery of Bitcoin. The price overlap and relative strength index (RSI) indicators indicate bullish divergence that might indicate momentum shift following weeks under downward market pressure. At the time of reporting, Bitcoin was trading at $79,098.47, down 2.4% over the last 24 hours, within a range of $78,669.30 to $83,425.41.
Bullish Divergence Observed on the 3-Day Timeframe
The price action data shows Bitcoin developing bullish divergence because its RSI indicator increases while prices create new lower support points. The RSI shows 43.52 at present point while it rose above sub-40 readings that indicate previous oversold situations. The price of Bitcoin continues to draw support from a vital area which spans $76,000 to $78,000 during Q1 2025.
Price Structure and Support Zones
Bitcoin reached its peak at $115,000 in late 2024 after which it started a descending pattern that ended in the present market downturn. The price movement of BTC failed to remain above $85,000 therefore it established a price consolidation between $78,000 to $83,000.
A major accumulation point existed in the $76,000 range which generated buying pressure to stabilize Bitcoin prices. Market interest continues at the lower boundary of Bitcoin support shown by a recent failed breakdown try.
Market Sentiment and Future Outlook
A bullish divergence pattern emerging at the $76,000 support level suggests a probable relief rally will happen if the pattern develops further. The future rise of market momentum directs BTC toward short-term resistance around $83,425. A breakthrough of this level will enable BTC to potentially reach the $90,000 area again. Additional failure to maintain this support could initiate extra testing of areas below $75,000 which may determine the rally’s duration
