78939.740
Today
+0.11%
5 Days
+22.72%
1 Month
+23.15%
6 Months
+23.46%
Year to Date
-9.95%
1 Year
-29.89%
Opening Price
78940.550Previous Closing Price
78902.330Bitcoin (BTC) is trading above $80,000 on Tuesday. This is the highest level the Crypto King has traded since mid-May, underscoring a positive shift in investors' risk-on sentiment, liquidity conditions and the technical outlook.
Bitcoin (BTC) extends gains, trading above $80,000 at the time of writing on Tuesday following its strongest weekly rise in more than three years. Institutional demand continues to support this rally, with spot Exchange Traded Funds (ETFs) recording positive inflows on Monday.
Bitcoin’s (BTC) surge from roughly $63,000 to nearly $80,000 last week indicates that the top crypto has broken decisively out of its prior range, with the rally supported by aggressive spot buying and expanding trading activity.
Bitcoin (BTC) extends gains above $80,000 on Tuesday as broader market risk-on sentiment persists. The scarce asset could extend its rally as the US Treasury combats high yields in the long-dated bond market, with further interventions on the horizon.
• Bitcoin capital allocation rose due to shifting global liquidity dynamics and debt expectations. • Spot Bitcoin exchange-traded funds registered accelerated net inflows from institutional allocators. • Technical indicators show an overbought condition alongside a MACD buy signal.
Strategy (MSTR) raised more than $2 billion through its latest share sales but did not purchase any Bitcoin (BTC) during last week, instead allocating part of the proceeds to a newly established USD Cash pool.
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 MACD must penetrate its zero line to expect further downside.
above 80,389, look for 81,609 and 82,335.
Under pressure below 80,389, with 77,547 and 76,825 as targets
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