Analyst: Bitcoin retakes $78,000 on Gate Exchange

Gate.io news, Bitcoin on the BTC/USDT trading pair at the Gate exchange has retaken $78,000, continuing the rebound from $76,000, with the current trading price around $78,004, up approximately 2.15% in the past 24 hours.
This rebound has brought Bitcoin back above the $78,000 level, which has recently served as a short-term resistance level in trading.
External price tracking tools indicate that Bitcoin is fluctuating between $76,000 and $79,000, with market attention focused on whether it can break through $80,000.
Analysis suggests that Bitcoin’s ability to stay above $78,000 aligns with rising retail search interest and the resumption of ETF fund inflows, both of which can increase spot demand when market sentiment is bullish.
For intraday traders, the return to the $78,000 level often serves as a reference point for short-term strategies, and maintaining above this level can favor testing $79,000–$80,000.