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Crypto

Bitcoin Price Surges 24% to $79,550 on Strong US Inflows

Guavy AI Editorial Team
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BTC
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Bitcoin surged nearly 24% in one week to reach a three-month high near $79,550.

The price increase is attributed to $1.9 billion inflows into U.S. spot Bitcoin ETFs and forced short position liquidations.

Analysts caution that sustained demand from spot buyers is needed to maintain levels above $80,000 and confirm a market cycle shift.

If Bitcoin holds above $80,000, it could target $85,000, $90,000, but failure to do so may lead to a correction.

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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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