Bitcoin may retest $77,000, EGRAG identifies key bullish confirmation levels

EGRAG CRYSTPTO: Bitcoin may retest the US$77,000 - 78,000 range

EGRAG CRYSTPTO predicts that Bitcoin may retest the US$77,000 - 78,000 range as the moving average (EMA) of key indices in the two-week chart is about to form a bullish cross. A firm closing of K-line entities above $85,400 will strengthen EGRAG's bullish outlook, while Fibonacci support is around $77,900, marking an expected backtest area.

EGRAG tends to buy on declines rather than aggressively short, and expects that prices may still expand further during the market cycle after crossovers, backtests and support confirmations.

Technical analysis: bullish signals are in the making

Crypto analyst EGRAG CRYSTPTO pointed out that as the bullish moving average crosses approach, Bitcoin may experience a correction to the US$77,000-US$78,000 range. According to a post posted by EGRAG CRYSTPTO on platform X, Bitcoin's two-week chart shows that the 9-period exponential moving average is approaching the 21-period moving average. If prices break through the longer-term moving average, it will form the bullish crossover pattern emphasized in the analysis.

EGRAG compares the current market structure with an earlier crossover. At that time, the price of Bitcoin fell back to about $25,000 after trading around $31,000, a drop of nearly 20%, and then entered a round of expansion. This historical trend provides a basis for analysts 'current judgments.

Historical cycle data supports EGRAG's expectation that despite the improved technology outlook, a major support test may still be included. Analysts outlined an ideal sequence process: first, the crossing of moving averages, second, backtesting, then successfully holding support, and ultimately achieving price expansion.

$85,400 closing level anchors bullish expectations

EGRAG points out that K-line entities closing above $85,400 is a particularly bullish signal in the broader technical setting. This threshold corresponds to the 0.5 Fibonacci retracement level in the chart, which together with the upcoming moving average constitutes another confirmation point. Analysts stressed that only when the K-line entity closes firmly above $85,400 can it provide the strongest bullish confirmation in the established setting.

#BTC-Bully Crosses are loading... but expect a backtest.#

In a two-week time frame, the 9-phase EMA is about to cross above the 21-phase EMA. Historically, this is a bullish signal, but a bullish crossing does not mean prices will rise in a straight line.#

Last time: #

9/21 Bullish Crossover →...[Image Link]

-- EGRAG CRYSTPTO (@ regcrypto) October 6, 2026

At the same time, the 0.382 Fibonacci retracement level is near $77,900, well within the expected $77,000 - 78,000 correction range. This overlap provides EGRAG with another chart reference point for potential backtesting, complementing the historical declines cited in the analysis. These two price areas have their own uses in the outlook: the higher level is used to confirm trends, and the lower range identifies support levels.

EGRAG tends to buy on dips, and Bitcoin's macro outlook remains bullish

EGRAG tends to look for buying opportunities during downturns and expressed hesitation about aggressively shorting when momentum is up. Although a pullback to the lower range mentioned above is allowed, he believes that the macro structure remains strongly bullish.

In the most ideal scenario, Bitcoin will test support after completing the crossover and build a new foundation to start another phase of expansion. EGRAG also warned against misreading healthy returns as evidence that the entire market cycle has ended.

The forecast is still conditional because the post describes a "imminent" crossover rather than a completed crossover. Similarly, holding expected support levels is part of the analyst's ideal sequence rather than an established event.

EGRAG's assessment focuses on the developing moving average crossing, the K-line physical close above US$85,400, and support around US$77,000 - 78,000. These markers depict a bullish outlook that accommodates potential expansion after a correction.