Bitcoin showed one of the strongest rallies in recent months: over the course of a week it rose by about 23% $BTC and climbed above $79,000. However, after such momentum, the price began to pull back, and the market is now trying to figure out where the correction will stop. (Investor’s Business Daily)
The main driver of growth was the return of demand from institutional investors and strong inflows into U.S. spot Bitcoin ETFs. In just four days, ETFs received approximately $1.61 billion in net inflows. (Investor’s Business Daily)
But a rapid rise of nearly a quarter over the week can’t go on forever. Profit-taking after a move toward $79,000 looks logical, so the current pullback doesn’t necessarily mean a trend reversal yet.
What to watch right now?
Main focus zone — $75,000–$77,000. If buyers hold this area, Bitcoin may try again to test $79,000–$80,000.
If selling pressure increases, however, the correction could become deeper. That’s why volumes, ETF flows, and the price reaction to key levels are especially important right now.
Bottom line: $BTC has indeed pulled back after a strong surge. Now the market is in a confirmation/testing phase—this is a typical profit-taking before the next move or the start of a deeper correction. The next few trading sessions will provide the answer.
The material is for informational purposes and is not financial advice.
