Breaking: Bitcoin consolidates near $79,630 after a sharp bounce from $74K

Bitcoin consolidates near $79,630 after a sharp bounce from $74K

Traders eye a breakout above $80.2K for signs of a reversal .

Bearish bias persists unless bulls reclaim key resistance.

• Momentum mixed: oscillators neutral, MACD still bearish

• All moving averages point downward pressure

• Fibonacci levels show $78.2K–$79.9K as pivot zone

Source: X