Bitcoin: Holds Near $78300 in Transitional Market

Bitcoin holds near $78,300 after rallying from $64k lows as institutional inflows stay strong while rising leverage and softening retail activity mark a cautious transitional phase.

Price action on the 4h chart sits at $78747.49 inside the Bollinger band with upper resistance at $79508.02 and lower support at $76987.1; the bullish trend structure above EMA50 support at $77416.03 and EMA200 at $71053.09 pairs with MACD golden cross at 16.53 while RSI at 54.45 remains neutral, pointing to potential continuation once volatility expands.