Bitcoin Consolidates Near $78,500 as ETF Inflows Keep the Bull Case Alive
Bitcoin is spending another session in a tight range, with the market hovering around $78,548 and trading between an intraday low of $78,081 and a high of $78,963, according to live market data. That price action lines up with the chart pattern, where BTC appears to be building a base after a sharp rebound from the low-$70,000 area. The chart shows the market pressing into the $79,000 region, with nearby support around $76,600 and a broader “crucial area to hold” closer to the low-$71,000s. On the upside, the next visible supply zone sits around $86,500, followed by a higher resistance band near $90,300. In other words, Bitcoin is not breaking out yet, but it also does not look like a market that is rolling over. That is the core of the argument being made by crypto analyst Michaël van de Poppe, who said Bitcoin is showing “strong consolidation” and that Friday gave an early hint about what may come next. His key level is $79,000. In his view, that area has to give way before the next leg higher can develop. If it does, he expects momentum to improve quickly, with $86,000 to $88,000 as the first resistance zone and $92,000 to