Bitcoin is trading near $77,000, holding a narrow band between $76,500 and $78,200 as the market searches for directional clarity. The weekend’s sharp selloff followed months of fragile recovery, with BTC briefly touching $82,000 earlier in the week before profit-taking and geopolitical headlines reversed the move.
Technically, the 21-week exponential moving average sits just below $79,000 and has acted as firm resistance. Rejection at that level has traders watching $76,000 as the next critical support. A clean daily close below that zone would open a clear path toward $74,000 and the liquidity cluster sitting near $72,000. On the upside, $78,500 to $79,500 remains the resistance band that must be cleared for any meaningful recovery.
Speaking about the current market scenario, Akshat Siddhant, Lead Quant Analyst, Mudrex, said: “Bitcoin is consolidating near the $77,000 level as rising geopolitical tensions in the Middle East push investors toward a risk-off stance. Selling pressure has increased after Bitcoin ETFs ended a six-week inflow streak, recording nearly $1 billion in net outflows.
He further added, “Concerns around potential oil supply disruptions and rising inflation have also strengthened the US Dollar Index to 101, which has historically weighed on Bitcoin prices. Markets are now closely watching the upcoming FOMC minutes, as the Fed’s outlook could shape risk sentiment in the months ahead. For now, $81,000 remains key resistance, while $75,000 acts as a crucial support.”
Riya Sehgal, Research Analyst, Delta Exchange, noted: “The crypto market remains under pressure after Bitcoin faced rejection near the $82,000 resistance zone, triggering a broader pullback across digital assets. BTC is currently trading around $76,900 and remains below key short-term resistance levels. Ethereum is trading near $2,120 and continues to underperform Bitcoin, while altcoins remain weak, with Solana down more than 10% on the weekly timeframe. According to CoinGlass data, 107,275 traders were liquidated in the past 24 hours, with total liquidations reaching $661.13 million. On-chain data shows whales reducing exposure while retail traders continue buying dips.”
Meanwhile, WazirX Market’s Desk shared: “Bitcoin and Ethereum prices retreated this week amid renewed macroeconomic pressures. Bitcoin is currently trading at $76,828, down 5.36% over the past seven days. Ethereum fell sharply, trading at $2,116, down 9.74% on the week. The sell-off was driven by global macro developments, as oil prices climbed to $111.35 per barrel amid stalled ceasefire talks between the . US stock futures declined, government bond yields rose on sticky inflation expectations fueled by higher energy costs, and several central banks signaled a more hawkish stance.”
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