$BTC is trading around $79,000, up roughly 22% over the past week, and is testing the important $80,000 resistance area.
Trend: đą Bullish
Resistance: $80,000â$81,000
Support: $77,000, then $74,000â$75,000
Strong ETF inflows and renewed institutional demand are supporting the rally. However, BTCâs RSI is reportedly above 80, indicating overbought conditions, so a short-term pullback or consolidation is possible.#OilHoldsLosses #BitcoinRises23.6%Weekly #ZECBreaksKeyResistanceUp75.5%
Trend: đą Bullish
Resistance: $80,000â$81,000
Support: $77,000, then $74,000â$75,000
Strong ETF inflows and renewed institutional demand are supporting the rally. However, BTCâs RSI is reportedly above 80, indicating overbought conditions, so a short-term pullback or consolidation is possible.#OilHoldsLosses #BitcoinRises23.6%Weekly #ZECBreaksKeyResistanceUp75.5%
