Crypto
Bitcoin Price Stalls Amid Resistance Zone
Bitcoin's price has stalled in a dense supply zone between $77,100 and $81,700 due to long-term holders selling up to 539,000 BTC. This range poses strong resistance for the cryptocurrency's upward momentum.
The price must close above its 365-day moving average at $81,700 to confirm a bullish phase and target higher resistance levels at $83,600 and $88,700.
Meanwhile, U.S. Bitcoin ETFs have seen four consecutive days of outflows totaling $462.73 million for the week, while Ethereum ETFs experienced inflows.