Overview
- BTC compressed between $74,000 and $80,000 with declining volume and repeated liquidity sweeps, a setup analysts say often precedes a decisive move.
- Multiple analysts state that sustained acceptance or a daily close above $80,000 would target roughly $83,000–$84,000 first, with extension risk toward $100,000.
- Several note invalidation near $76,000 on higher timeframes, with weaker intraday action highlighting supports around $72,000–$71,200 and potential tests toward $70,000–$68,000.
- The $74,000 zone is flagged as key demand, with some calling a double bottom and pointing to a near-term resistance test around $80,600.
- Brave New Coin reports roughly $6.18 billion in spot Bitcoin ETF outflows over three months, and analysts say such institutional shifts may amplify short-term volatility.