Key Levels to Watch Now BTC Lost $78K

Author

Ahmed Barakat

Author

Ahmed Barakat

Part of the Team Since

Mar 2024

About Author

Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


Fact Checked by

CryptoNews Editorial Team

Author

CryptoNews Editorial Team

Part of the Team Since

Sep 2018

About Author

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

Last updated: 

Bitcoin price prediction has BTC sitting at $77,800, down -1.4% over 24 hours, stuck in the same corridor that’s frustrated bulls for weeks. The global crypto market cap slipped to $2.75 trillion, down -1.2% in a day, with $95.24Bn in daily trading volume.

Read More:  CFO Change & Q1 Flows

Chart watchers point to a confirmed bearish divergence on the 3-day RSI that emerged after Bitcoin’s recent short squeeze, a signal that’s aged into a genuine consolidation pattern rather than a fakeout. A level below the current price matters more than most traders realize right now, and it’s not the obvious one.

Away from the charts, the US Treasury bought back $12.5Bn in short-term debt and plans up to $6Bn in long-term bond repurchases tomorrow, triple the usual size.

That’s liquidity management aimed at containing yields, and it’s the kind of macro plumbing that quietly shapes risk appetite across every asset class, crypto included.

Bitcoin Price Prediction: Can BTC Hit $80,000 This Week?

Bitcoin trades at $77.800, pinned below the $80,000-$82,000 resistance band that’s rejected multiple attempts this cycle. Volume at $95.24 billion signals participation without conviction; traders are positioned, not committed.

Read More:  Lubin, Bitmine, SharpLink Launch Institutional Non-Profit

The 50-week EMA near $77,000 remains the line in the sand; lose it, and the $76,000-$77,000 liquidation cluster becomes the next magnet, according to Reuters’ technical mapping, which flags a “golden retracement” resistance near $82,793.

Bull case: Reclaiming $80,000-$82,000 as support flips the setup, opening a path toward $90,000.

Base case: continued chop between $77,000 and $80,000 as the market digests the RSI divergence.

Bear case: a break below $77,200 triggers liquidations down to $76,100, testing the broader $73,000-$75,000 support shelf. You can read more about levels and ETF flows in this Bitcoin price prediction breakdown. None of this is resolved yet; patience matters more than prediction here.

Read More:  Standard Chartered's $500K Bitcoin Prediction Explained

Earn $50 and Enter $300K Prize Draw on EdgeX

Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels

BTC holders sitting on gains from the monthly rally have a fair question to ask: at a $2.7 trillion combined crypto market cap and Bitcoin’s own $1.5 trillion valuation, how much upside realistically remains before the next leg requires a genuinely new catalyst?

The gold-transfer story is a strong narrative, not a new use case, and Bitcoin’s digital gold thesis has been priced in for years. That’s where earlier-stage infrastructure plays start to pull attention.

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with full SVM integration, aiming to deliver execution speeds faster than Solana itself while settling back to Bitcoin’s base layer for security.

The project has raised $33M in presale funding at a current token price of just $0.0136859, with staking rewards offered at a high APY. Core features include a decentralized canonical bridge for BTC transfers and low-latency smart contract execution, effectively giving Bitcoin the programmability it’s lacked for 15 years.

Gain Access to New Bitcoin Layer 2 Early Here

Discover: The Best Token Presales


Facebook Comments Box

Related

CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma

US consumer prices increased faster in August, giving the...

Bitcoin Price Spikes, Shrugs Off Hot US Inflation Data

Bitcoin’s price rose on Friday — despite data revealing...

Circle’s Noble exit puts $92 million of USDC on a four-month clock

Circle is pulling its USD Coin (USDC) stablecoin from...

Bitcoin faces higher yields after Treasury bond buyback

The U.S. Treasury bought $5.187 billion of long-dated government...