Seema Jajodia's Bitcoin Analysis: Technical Pressure Before $76,000 Breakout

According to cryptocurrency analyst Seema Jajodia, Bitcoin is currently at a critical turning point. At the current level of $70.87K, BTC has increased by 5.2% from last week’s low of $67.35K, but Seema Jajodia believes this does not confirm a genuine bullish trend.

Chain Data: Market Sentiment Reset

Seema Jajodia’s analysis indicates that the Net Unrealized Profit and Loss (NUPL) indicator provides important insights. It is currently around 0.20, significantly below the cycle’s peak levels. This suggests that a large portion of paper profits has been sold, typically indicating a reduction in excessive speculative activity. Historically, this situation lays a healthy foundation for a new bullish phase, but Seema Jajodia emphasizes that price confirmation is still needed.

4-Hour Chart: Contraction and Rejection

Seema Jajodia has identified an ascending channel pattern on the 4-hour timeframe. Repeated rejections at the resistance zone of $72,000-$75,000 indicate that sellers remain strong. The RSI indicator also signals a decline—after reaching overbought levels during the recent rally, it has now fallen toward neutral territory. According to Seema Jajodia, if buyers can hold the support at $64,000-$65,000, another attempt to reach the upper boundary of the channel may be possible.

Daily Level: Major Resistance Wall

On the daily chart, Seema Jajodia’s analysis is more cautious. Bitcoin is trading below both the 100-day moving average (around $80,000) and the 200-day moving average (near $90,000). This indicates that long-term pressure still exists. Additionally, BTC remains below a descending trend line that has been driving a correction for several months.

Seema Jajodia notes that the $76,000-$80,000 zone is critical, as previous horizontal support has now turned into supply. The support zone at $60,000 remains strong—after a sharp decline below it, buyers have stepped in aggressively.

What Is Needed for Technical Confirmation

Seema Jajodia’s conclusion is clear: for a genuine bullish trend to be confirmed, BTC must definitively break above $76,000. Until this level is surpassed, the current rise should be considered a correction phase. If the $76,000 resistance is broken, the next target will be $80,000-$90,000.

Conversely, if support at $64,000-$65,000 breaks, a retest of $60,000 and possibly lower levels remains possible. According to Seema Jajodia, current market activity requires cautious monitoring, and respecting technical levels is essential to avoid high volatility risks.