5.2 Bitcoin Analysis

Today continues the strong bullish trend, with the current price oscillating around 78,000, just one step away from the 80,000 resistance level. The bullish momentum remains dominant.

The daily chart shows a stable bullish candlestick, standing above the middle Bollinger Band, with moving averages in a bullish alignment. The bottoming process is complete, and the medium-term upward structure is intact, indicating a continuation pattern.

The key support level below is 77,000, which has been tested multiple times and held steady. This provides a strong bullish entry zone. Short-term resistance is at 79,500-80,000.

Although the round number at 80,000 faces some resistance, market bullish sentiment is strong, and a volume breakout is highly probable. Institutional funds continue to flow in, spot buying remains robust, supporting the price to move higher.

Bitcoin Trading Suggestions:
Buy in the 77,500-77,800 range
Target 78,800-80,000