Bitcoin, $79,000 resistance level reaffirmed... Trump's remarks hindered the rise

Bitcoin’s attempt to rise again has been blocked. Failing to break through $79,000, the price has fallen back to the $78,000 level, with short-term fluctuations continuing.

In the past 12 hours, Bitcoin (BTC) tried to go up, but was hindered by negative comments from “President Trump,” causing the rally to stall. The market then experienced a correction, and support has now formed around approximately $78,000 (about 115.1 million KRW).

Bitcoin’s $79,000 resistance level is reaffirmed

Bitcoin has risen to $79,500 for the second time in the past 10 days but fell back again due to selling pressure. Afterwards, the price briefly dropped below $76,000 and experienced sharp volatility around the FOMC meeting, even touching the $75,000 level.

Although the Federal Reserve kept interest rates unchanged, the market direction remains unclear. Subsequently, Iran proposed a new “peace initiative,” leading to a rebound, and the market recovered to $78,000 over the weekend.

Especially after Washington accepted additional proposals, the price briefly broke above $79,000 again, but skepticism from President Trump dampened market sentiment. The upward momentum ultimately failed to sustain, and the market has now returned to sideways trading.

Bitcoin (BTC) market capitalization remains around $1.57 trillion (about 2,317 trillion KRW), with its market share of altcoins slightly rising to 58.5%. This indicates that market funds are still primarily flowing into Bitcoin.

Ripple (XRP) signals a “big move” ahead

The overall altcoin market has limited gains. Ethereum (ETH) remains around $2,300, while Ripple (XRP) consolidates near $1.40.

However, the market is watching for a potential “directional breakout” in XRP. Analysts suggest two scenarios based on trend analysis: a rise to $1.82 or a fall to $1, indicating increased volatility could be imminent.

TRON (TRX) rose about 3%, reaching $0.34, making it the strongest performer among major altcoins. Additionally, Algorand (ALGO) surged 11% in a single day, showing significant gains.

In contrast, Bitcoin Cash (BCH) and Hyperliquid performed relatively weakly, and the overall market lacks a clear direction.

The total cryptocurrency market cap remains stagnant below approximately $2.7 trillion (about 3,987 trillion KRW). The reaffirmation of Bitcoin’s resistance level and the potential increase in XRP volatility are likely to be key variables in determining the market’s future direction.

Article summary by TokenPost.ai 🔎 Market Analysis Bitcoin reaffirms the $79,000 resistance, with weakening upward momentum. Political comments (Trump) and macro events (FOMC, geopolitical issues) directly impact short-term price movements, increasing volatility. Bitcoin’s rising market share indicates funds are still concentrated in the safe-haven asset BTC.

💡 Strategy Highlights The $79,000 zone constitutes a strong resistance; whether it can be broken is crucial for short-term trend determination. Set short-term trading strategies based on the support level of $78,000. XRP may enter a volatility expansion zone; confirming its direction is critical. Altcoins show selective upward movements; focusing on strong coins is an effective strategy.

📘 Terminology Explanation Resistance Line: The zone where price repeatedly faces resistance, an area with strong selling pressure Market Share: The proportion of a specific coin within the entire market (an increase in BTC market share indicates stronger dominance) Sideways Trading: Price fluctuating within a certain range without a clear trend Volatility Expansion: Market condition where price swings increase in magnitude

💡 Frequently Asked Questions (FAQ)

Q. Why can’t Bitcoin break through $79,000? This price zone is a strong sell-off area where recent rallies have been repeatedly blocked. Profit-taking sell orders are concentrated, creating resistance. Additionally, political comments and macroeconomic variables also limit upward movement.
Q. What does an increase in Bitcoin’s market share signify? An increase indicates more funds are flowing into Bitcoin rather than altcoins. This is a typical phenomenon during increased market uncertainty, reflecting investor preference for relatively stable assets.
Q. How does the potential volatility expansion of XRP affect investments? XRP is currently fluctuating within a narrow price range, interpreted as a buildup phase. There is a higher likelihood of a strong upward or downward move afterward, so confirming the direction before entering is more advantageous for risk management.

TP AI Notice: This article uses a language model based on TokenPost.ai for summarization. It may omit key content from the original or differ from actual facts.