BTC is holding strong above 78K despite profit-taking

$BTC Pumped 0.95% today to $78,525 after bouncing off $77,721.

Bitcoin is still holding its support at 78K despite $635M flowing out of ETF funds on Thursday.

What's the deal? US inflation pressure with CPI at 3.8% and PPI at 6.0% raised rate hike fears.

Nearby resistance: 82K. Strong support: 78K-79K.

The question: Are we gonna see a break above 80K this week or is the market gonna stay sideways?

$BTC Do Your Own Research / Not Financial Advice

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