Bitcoin quickly recovered from a brief dip below $76,000 last week, reclaiming the $77,500 level over the weekend. Technical analysts say a daily close above $78,000 could signal the start of a stronger upward phase, with targets at $80,000 and then $84,000. However, demand remains fragile: on-chain data from Santiment shows BTC demand hit a year-low of -147,000, and US spot Bitcoin ETFs recorded a net outflow of $1.55 billion. CryptoQuant experts point out that sharp ETF outflows historically signal short-term profit-taking, which may create entry points for long-term holders.
Geopolitical Calm and Macro Crosswinds
President Donald Trump assured that US-Iran talks are proceeding regularly and positively, giving Bitcoin a reactive uptick. The US Dollar Index rebounded from 99.51, with the 20-day MA at 98.80 serving as critical support. Meanwhile, the S&P 500 is inching toward record highs near 7,517 points; a sustained move above 7,500 could open the door to 8,000. These macro factors continue to drive short-term crypto volatility.
BTC Technicals: $77,893 Is the First Hurdle
The 20-day moving average at $77,893 is the first key resistance for Bitcoin. A breakout above this level would likely propel the price toward the $80,000–$84,000 zone. On the downside, $74,289 is immediate support; a break below that could extend losses to the next major floor. Buyers have shown strong interest at these support levels, suggesting a possible bottom.
ETH, XRP, and Other Majors Under Pressure
Ethereum is being pushed by buyers into its ascending channel, but bears remain firmly in control. With the 20-day MA sloping lower and the RSI weak, ETH risks sliding below the psychological $2,000 mark. A breakout above $2,465 would flip the narrative. XRP stays subdued below key moving averages; a drop below $1.27 opens the door to $1.11 and even $1.00. BNB found buying at the 50-day MA near $635; resistance stands at $687. Solana bounced from $82.65 but struggled to clear the 20-day MA at $87.12.
Altcoin Standouts: HYPE All-Time High, ZEC Divergence
HYPE surged to a new all-time high of $64.72, the native token of the Hyperliquid exchange. Consolidation is likely after such a strong move, with support at $59.41 and $54.07. Zcash rallied sharply from the 20-day MA at $572, but the RSI shows bearish divergence, hinting that momentum may fade. A break below $572 could trigger a decline to $487. Dogecoin is trying to hold above the 50-day MA at $0.10, with trading expected to stay rangebound between $0.09 and $0.12.