Bitcoin: Slips to $76.8k on Weekly Selling
Bitcoin slips to $76.8k, down 4.4% weekly as spot selling and ETF outflows hit, with $78688.27 price testing resistance on 4h chart.
SourceAnalysis
Bitcoin slips to $76.8k, down 4.4% on the week. Spot and perpetual selling, ETF outflows and a negative volatility spread weigh on the market, while capital inflows and elevated profitability keep it balanced.
BTC at $78688.27 rides a bullish trend with EMA50 at $77916.47 and EMA200 at $74392.49. Price tests upper Bollinger resistance at $78415.93 as MACD holds a golden cross at 55.75. RSI at 63.14 leaves room before overbought territory, pointing to a probable retracement toward the 50-EMA support before any continuation higher.
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