78237.490
Today
+0.02%
5 Days
+21.13%
1 Month
+21.59%
6 Months
+13.57%
Year to Date
-10.85%
1 Year
-28.56%
Opening Price
77950.010Previous Closing Price
78176.130Bitcoin (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.
Bitcoin (BTC) has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.
Bitcoin has entered the initial phase of a potential new bull market after a 24% rally shifted the market into positive territory, according to a CryptoQuant report on Tuesday.
• Bitcoin's rally is driven by shifting fiscal liquidity and US dollar weakness. • US spot exchange-traded funds saw renewed capital flows and institutional accumulation. • Derivatives short liquidations and constructive regulatory momentum amplified price gains.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are facing downside pressure near key psychological thresholds as last week's double-digit rally loses momentum. The pullback reflects near-term corrective measures as traders book profits.
Bitcoin (BTC) has posted its strongest one-week gain since the November 2024 US presidential election, climbing 23% over the past week as spot market activity and institutional demand returned sharply, according to a Tuesday report from K33.
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.
Under pressure below 80,389, with 77,547 and 76,825 as targets
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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