$BTC Bitcoin is trading around $77,000–$78,000 today after a strong rally of roughly 23% in the past week.
The short-term trend is bullish, with buyers pushing BTC toward the recent $79,455 high.
However, Bitcoin is currently overbought, with RSI around 82, so a short-term pullback is possible.
Key support is around $77,000, while $79,500–$80,000 is the important resistance zone.
Overall: Bullish above $77K, but avoid chasing the price after this rapid rally; confirmation above $80K would strengthen the
#BitcoinOpenInterestFallsToTwoMonthLow #BitcoinRises23.6%Weekly
The short-term trend is bullish, with buyers pushing BTC toward the recent $79,455 high.
However, Bitcoin is currently overbought, with RSI around 82, so a short-term pullback is possible.
Key support is around $77,000, while $79,500–$80,000 is the important resistance zone.
Overall: Bullish above $77K, but avoid chasing the price after this rapid rally; confirmation above $80K would strengthen the
#BitcoinOpenInterestFallsToTwoMonthLow #BitcoinRises23.6%Weekly
