Bitcoin Price Forms Recovery Setup Above $75K Support

Bitcoin's price has stabilized above $76,000 after buyers defended the $75,000 area. The recent sell-off pushed the asset below this level before a rebound occurred.

The daily chart shows that Bitcoin remains in a weaker position despite holding above $75,000. The price trades below the Bollinger Band midpoint at $78,028, which now acts as the first major technical barrier.

Liquidity clusters near $77,000 and $80,000 could attract price during a rebound. A move above the Bollinger midpoint would improve the short-term structure, while a break under $75,000 would give sellers control again.