Bitcoin price traded near $76,900 after defending the $75,000 support zone. The rebound kept short-term bullish momentum intact, though BTC still faced heavy resistance near $78,000.
At the same time, whale accumulation continued accelerating while Bitcoin’s supply-in-profit metric dropped toward historical reset levels. The combination has left traders watching whether BTC is preparing for a stronger recovery or another downside sweep.
Bitcoin price has bounced from the $75,000 support area, but buyers are still meeting resistance near $77,500 to $78,000. Ted Pillows said Bitcoin’s close above $75,000 keeps the near-term recovery attempt in play.
BTCUSDT Daily Chart | Source: Ted, X
The next important area is $77,500 to $78,000. If BTC price breaks through that zone, buyers could make another push toward $80,000. A stronger move above $80,000 may then put the $81,453 resistance level back on traders’ radar.
Even so, the setup remains fragile. If BTC price fails to hold above $78,000 after a retest, the chart suggests the price could sweep the $75,000 zone again. That would place buyers under renewed pressure and may delay any move toward higher resistance.
Below $75,000, the next downside levels sit near $73,341, $70,671, and $66,318. These zones could become important if the current rebound loses strength.
Meanwhile, CW pointed to whale activity as one of the stronger long-term signals for Bitcoin. CryptoQuant data showed whale buying in 2026 reaching levels similar to the total buying volume seen throughout 2025.
Whale Last Active | Source: CryptoQuant Data
This is notable as whales have reportedly accumulated BTC at last year’s pace in just five months. The chart indicated that whales have been accumulating since the 2023 market low.
The trend might shift the perspective of traders on the ongoing Bitcoin cycle. Earlier four-year cycles often relied heavily on halving-driven narratives, but the latest structure shows stronger accumulation from large holders over a longer period.
That does not guarantee an immediate rally. However, steady whale buying often reduces available supply over time and can support stronger upside when demand returns.
At the same time, Bitcoin’s percent supply in profit has dropped to about 61%. FOUR Crypto Spaces noted that this level has historically aligned with major market reset zones.
The CryptoQuant chart showed that when supply in profit drops into this range, Bitcoin often enters a deeper accumulation phase. Previous visits to similar levels marked areas where long-term investors gradually rebuilt positions before stronger market recoveries.
Bitcoin Percent Supply in Profit | Source: CryptoQuant Data
This reading adds a more cautious tone to the short-term rebound. BTC may be recovering from $75,000, but supply-in-profit data shows the market has already flushed out a large portion of unrealized gains.
That reset can be constructive if the price stabilizes. However, a sustained break below $75,000 would weaken the setup and may push the market back into a wider consolidation range.
Crypto Tice said Bitcoin’s broader cycle structure has now completed distribution, manipulation, and accumulation phases. According to the analyst, $75,000 remains the defining level for the next trend direction.
If BTC continues defending support, the model points toward re-accumulation and a possible recovery toward $80,000, $95,000, and eventually $142,000 over time.
However, failure to hold the current range would invalidate the setup and reopen lower support zones.
For now, Bitcoin price remains caught between strengthening whale demand and weak short-term momentum. A confirmed move above $78,000 would improve the structure considerably, while another rejection could return pressure back toward the $75,000 floor.
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