$BTC Hits 3-Month High 🚀
Bitcoin surged as high as $81,240 — its strongest level in over three months — before easing back to trade near $78,800.
Technical Snapshot:
• Support: $77,500 – $78,000
• Stronger support: $76,000 – $76,500
• Resistance: $81,000 – $82,000
• Momentum: Bullish after the decisive breakout
The Setup:
BTC powered higher on dollar weakness linked to fiscal concerns around Treasury bond buyback plans, combined with continued strong spot ETF inflows. The move marks a clear recovery from the mid-summer range and shows buyers remaining in control above key supports.
Potential targets:
Near-term: $82,000 – $85,000 Stretch if momentum holds: $88,000 – $90,000+
As long as $77,500–$78,000 holds on pullbacks, the path of least resistance stays higher.
#BTC #bitcoin #crypto #etf
Bitcoin surged as high as $81,240 — its strongest level in over three months — before easing back to trade near $78,800.
Technical Snapshot:
• Support: $77,500 – $78,000
• Stronger support: $76,000 – $76,500
• Resistance: $81,000 – $82,000
• Momentum: Bullish after the decisive breakout
The Setup:
BTC powered higher on dollar weakness linked to fiscal concerns around Treasury bond buyback plans, combined with continued strong spot ETF inflows. The move marks a clear recovery from the mid-summer range and shows buyers remaining in control above key supports.
Potential targets:
Near-term: $82,000 – $85,000 Stretch if momentum holds: $88,000 – $90,000+
As long as $77,500–$78,000 holds on pullbacks, the path of least resistance stays higher.
#BTC #bitcoin #crypto #etf
