Bitcoin (BTC) don pass $78K; $78K–$80K resistance dey under spotlight
Bitcoin (BTC) don jump pass $78,000, e gain about 2.4% for 24 hours after e hold $75,000 and recover $77,000. Traders dey watch the $78,000–$80,000 resistance band: if e break firm pass $80,000 e fit extend momentum and help BTC fill one CME Bitcoin futures gap, but if dem reject am e fit cause new selling.
Momentum dey better but e never fully confirmed. RSI don rise from around 50 to near 55, show early recovery and more buy interest. But MACD still dey under neutral lines on higher timeframes, so make people cautious — market still dey transition, no be full trend confirmation yet.
Bigger structure still constructive, the rebound since February low near $60,000 don form higher lows. Weekly models reportedly turn positive, but BTC must clear the $78,000 hurdle for follow-through.
ETF demand na key support factor. iShares Bitcoin Trust (IBIT) don stay range-bound in the low-to-mid $40s, meaning institutions fit dey wait for stronger confirmation before dem step up.
Key levels for traders: support around $78,000, then $68,000–$70,000, with wider safety zone at $60,000–$65,000. For BTC traders, if e hold steady above $78,000–$80,000 e go be bullish; if e fail, volatility go remain high and direction go uncertain. Long-term, the halving narrative still dey (next for 2028), fit affect supply expectations.
Bullish
BTC don pass $78,000 plus early momentum improvement (RSI ~55) dey support better near-term bias. If e continue move through $78,000–$80,000 resistance area e fit trigger momentum flows and get technical catalyst from possible CME Bitcoin futures gap fill. But the article warn say risk dey: MACD still below neutral on higher timeframes and IBIT demand don remain range-bound, so confirmation fit dey uneven. Still, the broader rebound structure (higher lows since the about $60K February low) and positive weekly models keep balance tilted bullish for BTC, while any rejection go quick raise volatility.