According to CrypNuevo, Bitcoin is currently experiencing compression between the 1-week 50 EMA and the 1-day 50 EMA, which historically precedes an aggressive market move. The pattern suggests potential for multiple retests of the bull market support before a decisive movement occurs.

According to CrypNuevo, Bitcoin could likely visit the $77k-$78k range after losing range lows and support. This is attributed to the presence of a CME gap and the weekly 50EMA, which historically acts as a bull market support level. Most CME gaps are eventually filled, enhancing the likelihood of this price movement. Source: CrypNuevo.