The price of Bitcoin (BTC) has risen above the 77,500 USD level, but the recovery process is expected to face significant resistance in the 78,500–82,000 USD range. According to Fireside Investors, the outflow of 979.7 million USD from spot BTC ETFs this week indicates that investors remain cautious in the short term. Analysts believe that a retest of the 74,000–75,000 USD zone could be the most critical stage for the entire bear market. This is reported by news from.
Although BTC looks weak in the short term, experts do not expect a sharp decline. CryptoQuant analyst Sunny Mom noted that if BTC can hold the 70,700 USD level, it will enter a consolidation phase between 70,000–82,000 USD. During this time, the market will be able to digest supply and gather strength for the next move. Currently, bulls are trying to turn the 76,000 USD level into a support point.
For the BTC/USDT pair, the 20-day exponential moving average (78,484 USD) remains a significant barrier. If the price turns sharply downward from this level, the risk of falling below 76,000 USD increases. Conversely, a close above the 20-day EMA would allow bulls to push the price up to 84,000 USD. If this resistance is overcome, the next target could be 97,924 USD.
The price of Ethereum (ETH) fell below the support line of the ascending channel on Sunday, but sellers were unable to fully capitalize on this decline. Currently, buyers are attempting to push the ETH price back into the channel. If the price turns downward from the moving averages, the risk of falling to the 1,916 USD level remains. The overall market situation is currently uncertain, and maintaining key levels is of critical importance.
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