The world’s largest cryptocurrency by market capitalization posted solid 24-hour gains to trade at $77,448, marking a 2.49% uptick from the previous day’s close. Intraday volatility kept price action contained between a 24-hour low of $75,899 and a high of $78,997, with dip buyers stepping in to hold support above the key $76,000 psychological level.
Market strategists hold a bullish near-term forecast for Bitcoin with 80% confidence, citing broad underlying buying momentum that could push price action to test the upper end of the current range soon. Traders are eyeing $79,000 as the next near-term resistance target, with $76,000 established as solid support for any minor pullbacks.
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