Bitcoin to Retest $79K Support: Will the Rally Continue?

The Bitcoin price is continuing to grind higher with the major higher high target of $83K not too far away. Is Bitcoin about to come back and retest horizontal support at $79K before going higher? Or could bearish divergence be about to change everything?

Higher highs and higher lows, but support needs to hold

Source: TradingView

As can be seen in the 4-hour time frame above, the $BTC price is slowly but steadily grinding its way higher towards the prize of the $82,825 horizontal resistance level, but more importantly, a macro higher high. If the $BTC price can hit this level, and surpass the previous high made at the top of the second of the two big bear flags, this would be a critical step to changing the bear trend back to the bull.

Looking at the short-term price action, it would make sense for the price to come back a little more and retest the horizontal resistance, as well as the ascending trendline. These are good supports for the price making another higher low. The next higher high could perhaps then ascend to the critical overhead resistance level.

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