Bitcoin is trading near a key short-term area after reaching its first Fibonacci target around $82,477 and then pulling back below $79,000.
The latest charts show two pressure points for $BTC: the $82K resistance zone on the two-week chart and a possible CME gap near $79,123 that could draw price higher early in the week.
Bitcoin Hits $82K Fib Target as Stochastic RSI Shows Bullish Momentum
Bitcoin reached the first upside target on the two-week chart, with price touching the 100% Fibonacci extension near $82,477, according to a chart shared by Man of Bitcoin.
The $BTC/USD chart shows Bitcoin trading near $78,320 after pulling back from the recent high around $82,477. The move came after Bitcoin rebounded from the broad support zone near $56,851 and climbed back above the $70,000 area.
Bitcoin Two-Week Fib Target. Source: Man of Bitcoin on X
The chart marks the next upside Fibonacci extension levels at $87,273, $90,169, and $95,347. Above that, the broader Fibonacci levels show possible resistance near $107,910 and $116,306. A green horizontal level near $126,445 marks the higher chart target.
Bitcoin still trades inside a large long-term structure. The upper white trendline sits far above current price, while the lower white trendline remains near the $40,000–$50,000 range. This keeps $BTC between major macro levels on the two-week timeframe.
The Stochastic RSI panel also shows momentum recovering from the oversold zone. The blue and orange lines have moved sharply higher from the lower band, which supports the analyst’s view that bullish momentum remains active.
However, $BTC has not yet broken clearly above the $82,477–$87,273 zone. That area now acts as the first resistance range. A clean move above it could put $90,169 and $95,347 back in focus.
On the downside, the chart shows support near $77,000 and $74,929, based on the note shown beside the chart. If $BTC loses those levels, the next visible support range sits near $71,000–$68,000.
For now, the two-week chart shows Bitcoin reached its first Fib target, while momentum has not yet shown full exhaustion. The next move depends on whether $BTC can hold above the mid-$70,000 area and reclaim the $82,477 resistance zone.
Bitcoin Nears $79K CME Gap After Weekend Drop
Bitcoin traded near $78,371 on the 15-minute Binance chart after a weekend decline opened a possible CME gap near $79,123.
The chart shared by Daan Crypto Trades shows $BTC fell from the $79,100 area to below $78,000 during the weekend session. Price later recovered toward $78,300 but remained below the marked CME gap level.
Bitcoin CME Gap Setup. Source: Daan Crypto Trades on X
The dotted line on the chart marks the gap area around $79,123. The red shaded zone shows the distance between Bitcoin’s current price action and the level where CME futures would reopen.
Daan said Bitcoin could open with a new CME gap if price stays below that zone. However, he noted that when $BTC trades close to the gap, price often closes it on Sunday or early in the week.
For now, the chart shows limited market movement outside the CME gap setup. A move back above $79,123 would close the gap. If $BTC fails to reclaim that level, the market could keep trading inside the lower weekend range near $77,800–$78,400.
