Bitcoin has increased by 2.79%, now standing at $77,039, indicating a solid upward movement. The moving averages indicate MA7 at 71,211 and MA25 at 69,330, both significantly lower than the current price and providing robust support. Conversely, the MA99, positioned at 95,596, acts as significant resistance, lying well above. The chart illustrates a bounce back from recent lows around $57k, yet remains distant from the previous highs exceeding $103k. The performance metrics present a mixed picture: +5.4% over the past week, +8.4% in the last month, yet declines of -19% over the last three months and -30% over the past six months, marking a continued long-term downward trend. The order book indicates 37% in bids compared to 63% in asks, suggesting ongoing selling pressure. For Bitcoin to establish a genuinely bullish trend, it must overcome the $80k threshold with sufficient volume. At this moment, progress is slow and measured, requiring patience.@BTC #BTC $BTC
BTC
79,281.21
+2.41%
ETH
2,398.89
+3.73%
XRP
1.4448
+1.63%
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