Bitcoin Price Prediction: The Road to the Next All-Time High

Bitcoin is holding near $77,000-$78,000 as traders watch a key support zone for signs that the latest consolidation is nearing an end. One-hour and four-hour charts show BTC compressing below resistance, with a bullish breakout scenario still intact unless price loses support and opens the door to $73,000-$75,000.

Bitcoin Holds Key Support as Bulls Target $79K Resistance

Follis sees Bitcoin’s current position as unattractive for fresh shorts, arguing that BTC is trading directly into an established support area. The one-hour chart shows buyers repeatedly defending the lower boundary of the recent range while resistance continues to cap rebounds near $79,000.

Bitcoin BTC $77K Support and $79K Resistance. Source: Follis on X

Bitcoin was near $77,160 when the chart was captured early Sept. 3, placing price just above a horizontal support zone around $76,800-$77,000. That area has generated several reactions since late August, making it the immediate level bulls need to defend.

The chart also highlights repeated rejection near roughly $79,100-$79,300. BTC has tested that resistance three times without establishing a sustained breakout, creating a well-defined range between support near $77,000 and resistance above $79,000.