Bitcoin price has climbed into a key resistance zone after forming a base above $76,000 and initiating a recovery wave. The cryptocurrency now trades above $76,500 and its 100-hour simple moving average, signaling short-term bullish momentum.

A bearish trend line at $77,050 on the hourly chart of the BTC/USD pair is currently capping gains, according to data from Kraken. The $77,450 resistance level represents the next major hurdle for bulls to clear before any sustained upside can materialize.

The recovery wave began after BTC held support at $75,000 and broke above $76,200. The move has already surpassed the 50% Fibonacci retracement level of the recent decline from $78,100 to $74,209, indicating growing buyer interest.

If the price settles above $77,450, it could trigger further bullish momentum. However, bears remain active near $77,000, and failure to break the trend line may lead to another pullback toward support levels.

The immediate resistance at $77,050 remains the key battleground. A decisive move above this level would confirm a short-term trend reversal, while rejection could see BTC retreat toward $76,200 or lower.