BTC climb 1.6% as money enter spot ETF dem; market cap $1.42T, key levels dey on focus
Bitcoin (BTC) rise about 1.6% to ~78,336 USD, carry total market cap to ~1.42T USD. Di article link dis move to stronger spot Bitcoin ETF demand and post-halving volatility.
For traders, near-term tape dey constructive but e no clean. Technical momentum dey bullish-ish: 14-day RSI neutral-to-strong at 55.65, short-term SMAs/EMAs supportive, but long-term moving averages still show selling pressure. If price breach above ~79,541/previous resistance ~78,555, e fit continue gains toward ~80,833 (or ~80,164). If support around ~77,572 break, BTC fit drag down to ~74,930 (or ~74,981).
Longer-term, analysts generally bullish. Targets mentioned include average near ~100,000 for 2026, with upside talk up to ~150,000 and more aggressive case toward ~250,000 (Charles Hoskinson). Article note say $100,000 psychological level go likely be pivotal, with ETF demand, regulation, and liquidity as main drivers.
Risk overlay: One report flag ~6.7M BTC fit dey inside wallets considered vulnerable to quantum attacks because of outdated formats and repeated key use. That one add security headline risk wey fit increase volatility even as ETF-driven flows support BTC.
Bullish
BTC gains dey supported by spot Bitcoin ETF inflows and post-halving volatility, wey di article put as di main driver for di current market move. Technically, momentum small constructive (RSI ~55.65 and short-term averages dey lean bullish), and di identified resistance/support levels ($79,541/$78,555 up; ~$77,572 down) show say breakout path fit favour if BTC hold above dem.
However, di view dey tempered by mixed longer-term moving averages and di closeness to big psychological price (around $100,000). Di extra security headline about possible quantum-vulnerable BTC wallets mainly raise uncertainty and fit increase volatility, but e no directly cancel di ETF-flow-driven bid. Net effect: bullish bias for BTC with higher near-term whipsaw risk.