Bitcoin is consolidating around $77.5K after the strong impulsive move from the $63K–$64K region toward $80K. The rally has lost some momentum, with BTC facing repeated rejection from the $80K–$82K resistance zone and now trading below the 4H 21 EMA near $78.4K.
The immediate support is around $76K–76.5k, and holding this zone could keep the current range intact and allow another attempt toward $80K. A sustained break below $76K could lead to a deeper retracement, while a breakout and acceptance above $82K would indicate renewed bullish momentum.
The RSI has also cooled to the low-40s after previously reaching overbought levels, reflecting the loss of short-term momentum rather than an outright bearish reversal. For now, BTC remains in a consolidation phase, with $76K–$82K defining the key range and the next decisive break likely to provide clearer direction
1August 29, 2026 288
