80070.390
Today
+2.10%
5 Days
+16.01%
1 Month
+23.91%
6 Months
+18.81%
Year to Date
-8.71%
1 Year
-28.00%
Opening Price
78584.410Previous Closing Price
78422.040Bitcoin (BTC) is extending its rally toward $80,000 on Thursday, maintaining its steady gains from last week. Eric Balchunas, a Bloomberg ETF analyst, points to rising demand for Bitcoin amid a broader market debasement.
Cryptocurrency prices are broadly edging higher on Thursday, led by Bitcoin’s (BTC) uptick near $80,000. Altcoins mirror Bitcoin’s short-term bullish outlook, with Ethereum (ETH) trading above $2,500 and Ripple (XRP) hovering above its key $1.40 support.
The broader cryptocurrency market maintains a constructive tone, with Bitcoin (BTC) sustaining gains above $78,000 on Thursday. The US July Personal Consumption Expenditures (PCE) Price Index inflation came in higher than expected on Wednesday, suggesting that inflation remains elevated.
Bitcoin’s (BTC) recent rally has sharply reduced leverage across the market while attracting strong institutional demand, according to Glassnode.
US Treasury Secretary Scott Bessent’s recent actions have strengthened two of the strongest arguments for Bitcoin (BTC), according to Bitwise CIO Matt Hougan.
Bitcoin (BTC) price is trading in the green on Wednesday, holding above $78,000 while struggling to extend its recovery above the $80,000 mark. Institutional demand is strengthening, with steady inflows and BlackRock’s tax-deferred Bitcoin-to-ETF swap volume reaching $5 billion.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The upside prevails as long as 79,345 is support, with 82,099 and 82,836 as targets
below 79,345, expect 78,111 and 77,377.
The upside prevails as long as 79,345 is support, with 82,099 and 82,836 as targets
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