Bitcoin: Holds Near $78,300 in Transitional Market

Bitcoin holds near $78,300 after rallying from $64k lows with persistent institutional inflows, yet rising leverage, tight volatility spreads and softening retail activity mark a cautious transitional phase.

Price action on the 4h chart shows BTC at $78568.37 inside Bollinger Bands with upper resistance at $79486.59; the neutral RSI at 52.85 combined with the MACD death cross suggests a healthy retracement toward the EMA50 support at $77409.01 before any continuation higher.