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Bitcoin today moves relatively positively after breaking through the psychological level of US$80,000. According to the latest market data, BTC is around US$78,926, with an intraday high of US$80,529 and a low of US$78,254. This movement indicates that the market is still trying to maintain momentum after a strong rally, but selling pressure begins to appear as the price approaches the upper area.
Bitcoin's rise is driven by improving risk asset sentiment and inflows of funds into Bitcoin-based instruments, including ETFs. Several market reports also mention that the US$81,000 to US$83,000 lev
BTC+0.71%
Ethereum is currently trading around $2,306.83 with relatively narrow daily movements. This condition indicates that the market is still waiting for a new catalyst before determining the next direction. In general, ETH remains above the psychological level of $2,300, making this level an important point to observe buyer strength. If the price can stay above this area, the chance to reach the nearest resistance around $2,350 to $2,400 remains open. Conversely, if selling pressure increases, the initial support around $2,280 should be watched as it could serve as a short-term rebound area.
Ether
ETH-0.08%
BTC+0.71%
Bitcoin today is trading around US$78,462, up slightly about 0.16% from the previous close. Throughout the trading session, BTC briefly touched a low of US$77,796 and a high of US$78,587. This movement indicates that the market is still in a consolidation phase, as the price has not yet broken through the psychological area of US$80,000. In the short term, the US$77,800 area can be watched as the nearest support, while US$79,000 to US$80,000 becomes an important resistance zone. If buying pressure increases and the price can hold above that resistance, the opportunity for further strengthening
BTC+0.71%