Crypto
Bitcoin Price Holds Key Support Region Amid ETF Outflows
The Bitcoin price has been testing its support region around $76,500 for several days, and holding this level could lead to a rebound in price.
Currently, the price of BTC is trading near $77,165.70, up 0.82% today, just below the 20-day EMA at $76,997.34 and above the Supertrend's bullish flip level at $72,754.26.
The recent range high for Bitcoin was near $82,500, and holding the current support region could lead to a retest of this level.
However, if Bitcoin loses the $76,500 support region, it could slide towards the 200-day EMA at $72,896, with $70,788 as the next level down.