Bitcoin: Surges Past $80,000 on ETF Inflows
Bitcoin hits $80,501 after 2% jump on spot bitcoin ETF inflows, with BTC price prediction hinging on overbought RSI and upper Bollinger resistance.
SourceAnalysis
Bitcoin surged past the $80,000 mark on Tuesday, jumping over 2% to $80,501 amid renewed inflows into spot bitcoin ETFs and improving risk appetite that extended the cryptocurrency’s recent rally.
Price action shows BTC testing upper Bollinger resistance at $80,273.01 while RSI(14) sits at 76.29 in overbought territory and MACD prints a death cross at 1916.5; with the 50-EMA holding firm at $73,668.92 as concrete support, a healthy retracement looks probable before continuation.
Spot bitcoin ETF performance and crypto market rally continuation remain the key drivers to watch in any near-term BTC price prediction.
CNBC
@CNBCCNBC delivers real-time financial market coverage and business news updates. The channel provides expert analysis of Wall Street trends, corporate developments, and economic indicators. It features insights from top executives and industry specialists, keeping investors and business professionals informed about money-moving events. The coverage spans global markets, personal finance, and technology sector movements.
Premium Sponsors
.jpg)