Quick overview

Live BTC/USD Chart

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Bitcoin is currently trading around $78K. The buy-side volume from different cohorts is rising as Bitcoin builds the underlying momentum. While ETFs saw $238 million in inflows, indicating strong institutional confidence, whales have amassed over 45,000 Bitcoin in the last week, the most since July 2025.  Approximately 114,045 traders were liquidated in the last 24 hours, worth $400 million.

 

The price of the cryptocurrency was close to $77,465. Both Bitcoin and Ethereum have increased by 2% over the last day, with Ethereum trading close to $2.4. Among the main altcoins, Hyperliquid fell 2% while XRP, BNB, Solana, Tron, Dogecoin, and Cardano increased by 2.5%.

The price increases occurred despite oil volatility and an equity sell-off because macro data indicated ongoing inflation risks and delayed rate-cut expectations, which strengthened demand for assets less connected to conventional financial systems.

According to the Elliot Wave theory, there are recurrent patterns in the psychology of the market as a whole, such as impulsive short-term actions followed by corrective circumstances. A significant rejection around the $80k resistance will confirm that the recent rally from the $60k lows to $78k was an impulsive rally, paving the way for a major corrective phase.

Fibonacci retracement levels show multiple support zones along the way down, a potential bottom for Bitcoin during this bear market at about $52k. 0xChiefy, who has more than 33,000 social media followers, has forecast that the digital currency will launch a massive offensive in 2027 and reach as high as $150k once the bottom is in.