Bitcoin: Jumps 3% Toward $80,000
Bitcoin surges 3% to $80,762 as rally accelerates, testing upper resistance amid bullish EMA structure and overbought RSI on 4h chart.
SourceAnalysis
Bitcoin jumped 3% to $80,762.35, closing in on $80,000 as the rally gathers pace according to CNBC.
Price trades above the upper Bollinger Band at $79,907.58 while the 4h RSI at 76.81 signals overbought conditions. The bullish structure holds above EMA50 at $73,398 and EMA200 at $67,449.91, yet MACD death cross at 1,892.77 warns of near-term momentum loss. A healthy retracement toward the 50-EMA support appears probable before continuation.
Institutional Bitcoin ETF inflows continue to underpin the move, shaping BTC price prediction models for the next quarter while traders monitor volatility exhaustion at current levels.
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