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Crypto

Bitcoin Price Consolidates Near Resistance Amid ETF Inflows

Guavy AI Editorial Team
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BTC
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The Bitcoin price has remained in a tight range over the past few days, with the coin trading around $79,800 according to CoinMarketCap.

This stability comes after a sharp recovery from July lows, with some analysts identifying a bullish flag pattern on the daily chart.

However, this pattern requires an upside breakout for confirmation, and Reuters technical analysis has identified resistance near $82,793.

A daily close above this resistance could bring $90,000 into focus, while continued strength above $90,000 would put the $100,000 psychological level back on traders' radar.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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