Bitcoin is currently trading at $77,839.97, down 0.98% over the last 24 hours. The coin carries a market cap of $1.56 trillion and a 24-hour trading volume of $27.27 billion, pointing to active repositioning but no sign of disorderly liquidation. Bitcoin dominance holds at 60.16%, a signal that capital is consolidating in BTC even as the broader altcoin market faces uneven pressure.
Akshat Siddhant, Lead Quant Analyst, Mudrex, said: “Bitcoin is showing signs of recovery despite ongoing macro uncertainty and continued ETF outflows weighing on sentiment. On-chain data also suggests buyers remain active at current levels, supporting accumulation and helping stabilise prices.”
He further added, “If momentum sustains, Bitcoin could retest the $80,000-$82,000 range, while the broader resistance zone remains between $86,000 and $90,000. Meanwhile, the $76,000 level continues to act as a key support area for the current market structure.”
Riya Sehgal, Research Analyst, Delta Exchange, added: “Bitcoin has managed to hold above the $76K-$77K region after reclaiming the 200 EMA near $77.7K, helping stabilize short-term market structure following the recent correction from the $82K resistance zone. Bitcoin needs to reclaim the $78.5K-$80K range to strengthen bullish momentum toward the broader $81K-$82K supply zone.”
According to her, on the downside, the $74K-$75K region remains the key support area for maintaining the current higher-timeframe structure, “Although spot recorded more than $2 billion in net outflows over the past week, broader market behavior does not yet suggest a complete breakdown in demand, with positive net taker volume suggesting buyers are still active near current support levels.”
Meanwhile, WazirX Market’s Desk shared that Bitcoin holds near $77,901 and Ethereum around $2,141, showing resilience. UK inflation cooled to 2.8%, though risks remain from rising energy costs. Fed signals possible rate hikes, while oil near $99 raises stagflation fears. Crypto sees selective gains, with HYPE rising and interest shifting toward DeFi, infrastructure, and AI tokens.
Also Read: