Bitcoin may be approaching a major turning point as a 760-day post-halving signal resurfaces, historically linked to imminent declines and bear markets.

Short-term resistance sits around $80,000–$83,000 near the 200-day moving average, with potential upside to $85,000–$88,000 and perhaps $90,000–$100,000 if momentum broadens later this year.

Historically, surges above the 60 level in network growth have preceded rebounds in 2021, 2022, and 2024, and a breakout above 60 could reinforce a local bottom and potential upside.

Bitcoin trades around $78,362 after pulling back from the $82,000 area amid macro pressures, with the weekly chart showing a more than 3% decline.

On-chain activity is strengthening, with Glassnode’s Vector framework showing Bitcoin’s network growth nearing the key 60 level, a threshold historically linked to the end of local bottoms and the resumption of stronger market conditions.

Immediate support is seen at $77,500–$78,500, with deeper supports near $75,000 and $71,000–$73,000 if selling pressure intensifies, while the overall structure remains bullish as higher lows are defended.

The analysis links the 760-day signal with the 0.618 Fibonacci time level, projecting the 0.618 level around October 2026 for the current cycle, potentially aligning with a bear-market bottom.

Historical patterns after the 760-day post-halving—from 2012, 2016, and 2020—show Bitcoin often forms a market top and then experiences a significant correction before the next bull run.

The chart indicates Bitcoin is moving from a topping phase into an early correction, suggesting a potential decline before a longer-term recovery.