Article
Bitcoin is trading at $77,314.66 today, up 0.39% in the last 24 hours. The crypto market leader hit a 24h high of $78,052.85 but faced rejection near that level.
On the 1-minute chart, BTC bounced from a low of $77,244 and is now consolidating between the MA7, MA25, and MA99 lines. This shows indecision among traders.
The big story is the weekly trend. Bitcoin is up 22.45% in 7 days and 20.29% in 30 days. This strong momentum has pushed BTC close to the $78K resistance.
However, the order book shows 72% sell pressure, meaning short-term traders are taking profit. If BTC breaks above $78,052, the next target could be $79K. If it fails, we may see a drop back to $75,545 support.
Crypto is volatile. Always do your own research before trading.
#bitcoin #BTC #CryptoAnalysis" #BTC
