Bitcoin: Surges Toward $80K on Spot Demand

Bitcoin advanced toward $80k this week as spot buying, derivatives leverage and ETF inflows accelerated, according to Glassnode Week 35 data. Activity and profitability metrics improved, yet macro flows stayed subdued, keeping the move tactical rather than structural.

At $79605.31 price tests the upper Bollinger band resistance of $80479.98 while RSI(14) sits neutral at 58.25, leaving headroom before overbought territory. The MACD death cross at 758.48 signals near-term caution, yet the structure remains bullish above the EMA50 support of $76647.96 and the deeper EMA200 floor at $69618.04, implying any pullback would likely find bids before continuation. BTC price action and crypto derivatives market flows continue to dominate short-term direction.