$BTC is trading around $77,000โ$78,000, after a strong weekly rally of more than 20%. Recent momentum has been supported by heavy spot Bitcoin ETF inflows and improving market sentiment.
๐ Bullish scenario: A sustained break above $78,000โ$80,000 could open the way toward $82,000โ$85,000. Technical analysts are also watching a potential inverse head-and-shoulders breakout targeting around $76,000 and beyond.
๐ Key support: $75,000, followed by $72,000โ$70,000.
Overall: BTCโs short-term trend is bullish, but after such a rapid rally, a pullback or consolidation is possible. Watch the $78Kโ$80K zone closely.
This is market analysis, not financial advice.
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๐ Bullish scenario: A sustained break above $78,000โ$80,000 could open the way toward $82,000โ$85,000. Technical analysts are also watching a potential inverse head-and-shoulders breakout targeting around $76,000 and beyond.
๐ Key support: $75,000, followed by $72,000โ$70,000.
Overall: BTCโs short-term trend is bullish, but after such a rapid rally, a pullback or consolidation is possible. Watch the $78Kโ$80K zone closely.
This is market analysis, not financial advice.
#GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop #BitcoinBestWeekSinceMarch2023 #SpotGoldHitsHighestSinceMay15 #SamsungToAnnounceNewShareholderReturnPlanFriday