Bitcoin Faces Critical Support Test Around $76K-$77K

Bitcoin is facing a crucial test as it hovers around the $76K-$77K support zone. If this level holds, prices may rebound towards $79K-$80K, but failure to hold could lead to a steeper decline.

The weekly chart shows that Bitcoin still faces resistance near its 50-week moving average at $80K, which must be overcome to confirm a sustained bullish trend.

Rising U.S. Treasury yields and geopolitical tensions are adding pressure on Bitcoin's price, making this support test even more critical for the cryptocurrency's short-term direction.