Bitcoin Stalls Below Pivot, But Smart Money Remains Bullish

Bitcoin (BTC) is experiencing a sharp pullback after a recent price drop. At $77,471, BTC is trading below its daily pivot of $78,083, which could indicate hesitation from buyers. The MACD histogram has reached zero, suggesting that momentum has hit a wall.

The Relative Strength Index (RSI) is sitting at 69, close to overbought territory but not extreme. This could suggest that the market is due for a pullback before continuing its upward trend. Despite this, the broader trend context remains intact, with BTC trading above every major moving average.

The key levels exposed in the chart are the pivot at $78,083 and the resistance cluster between $79,279 and $81,087. A clean push through both of these levels would signal a genuine trend resumption. On the downside, $76,275 is the first real test, with $75,079 becoming a logical magnet below that.