The post Bitcoin price eyes $78k, confirms rejection from key pivot appeared on BitcoinEthereumNews.com.

Bitcoin price confirmed a firm rejection from the key $94,000 pivot, shifting momentum and increasing the probability of a move toward the next support at $78,000. Summary Rejection at $94,000 confirms the channel high as strong resistance. Market structure shows another lower high, signaling continued bearish control. Next major downside target sits at $78,000 to $78,430, aligned with high-time-frame support. Bitcoin (BTC) is entering a deeper corrective phase after failing to break above the critical $94,000 resistance zone throughout the week. Several attempts to reclaim this level resulted in immediate sell-offs, confirming another decisive rejection from a region that has repeatedly capped upside expansion. As bullish momentum fades and market structure weakens, Bitcoin now appears poised to revisit lower support levels, with the $78,000 region emerging as the next major area of interest. Traders are closely monitoring whether this rejection will lead to a full rotation back toward the lower boundary of the broader trading channel. Bitcoin price key technical points Bitcoin confirms rejection from the $94,000 pivot, a major channel high resistance zone. Price remains below key structural levels, forming another lower high. Next major downside target sits near $78,000 to $78,430, aligned with high-time-frame support. BTCUSDT (4H) Chart, Source: TradingView Bitcoin spent the majority of the week testing the $94,000 resistance region, an area reinforced by multiple technical confluences. The strongest of these is the channel high resistance, a level that has shown consistent precision in past cycles. Previous touches resulted in clean rejections, and this time was no different. Price repeatedly tapped the channel ceiling before being pushed sharply lower, marking another failed attempt to break structure to the upside. This move unfolded amid a period of quiet de-leveraging, with total Bitcoin futures open interest signaling reduced speculative positioning as resistance continued to hold. With the rejection now…

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Filed under: News - @ December 5, 2025 8:26 pm