As Bitcoin approached the $78,000 level highlighted on the weekly chart, attention in the market turned here. Although there are strong purchases in the short term, the charts show that this region has been an important support in the past and then turned into resistance, and that the sell orders of large investors are concentrated in this band.
Weekly resistance band is decisive
According to data shared on crypto analysis platforms, Bitcoin has stepped into the gray resistance band again with its latest jump. Especially after recovering from the deep decline in early 2026, the price reaching this level increased the optimism of investors.
This area, which stands out on the weekly chart, previously served as support and now acts as resistance. In the shared analysis visuals, it is reminded that the previous threshold was exceeded with a white horizontal line below $ 78,000. However, the resistance line above must be clearly overcome.
According to experts, Bitcoin’s weekly closing above $78,000 could accelerate the bullish scenario and mean that an important threshold has been crossed. Conversely, the current upward momentum may lose momentum and the price may get stuck in this region. Following the latest developments, it seems that the search for direction in the market continues.
“The price has approached the critical band, which is the old support, again. If there is no strong breakout from here, the risk of correction continues.”
Major investors lined up to sell at $80,000
Another important data is about the large buy and sell orders published by the CoinGlass platform. It is noteworthy that on the 15-minute BTC order book charts, a dense sell wall has formed between $78,000 and $80,000. At this level, where Bitcoin is currently trading close to $77,900, there has been a serious obstacle to the rise due to overlapping sell orders.
On the other hand, the data also revealed that there was a strong buying support of approximately $217 million at the level of $75,731. In other words, in the event of a price decline, large limit buy orders in this area can serve as an important bulwark.
This chart in the order book shows that large investors are positioned against sudden price movements. While intense sell orders around $80,000 stand out in front of the rise, the buy support at $75,731 is followed in the decline.
“Overlapping sell orders in the order book between $78,000–80,000 and significant buyers below may cause the price to get stuck in this range.”
In summary, both technical levels and the positions of major investors stand out among the key factors that will determine the direction of Bitcoin in the short term. A weekly breakout and a strong attack above $80,000 could pave the way for a new momentum in the market.
