Bitcoin cools off as new liquidity builds near $79.4K
Bitcoin is pausing after a strong run, and the setup still looks bullish for buyers over the coming months even if the next couple of weeks stay choppy.
- Bitcoin is drifting sideways to work off an overbought reading, not crashing.
- A fresh pocket of liquidity has built just above the price near $79.4K, and it will likely get tapped within a day or two.
- The bigger picture is turning bullish, with a long-term buy signal like the one that marked the end of the 2022 bear market.
- Ethereum is holding its breakout above $2.4K and has made higher highs for the first time since last autumn.
- Solana is on the edge of clearing $105, while XRP is cooling off above support.
Outlook: Expect a bit more chop for a few days, then a decent-sized move within one to two weeks — with a possible warning sign if price makes a new high while momentum fades.
## Bitcoin Levels
- **Bias:** Bullish on the bigger picture, neutral-to-cooling in the very short term.
- **Buy / accumulate:** 73,000–75,000 on a pullback; 76.8K is a downside liquidity pocket.
- **Sell / take profit:** 80,000–82,000 resistance; 86,000–88,000 if it breaks higher.
- **Support:** 73,000–75,000.
- **Resistance:** 80,000–82,000, then 86,000–88,000.
- **Targets:** 96,000–98,000 if 86K–88K clears; near-term liquidity at 79.3K–79.6K.
- **Invalidation:** Needs daily or 3-day closes above 82,000–82,500 to confirm the trend reversal; failure there keeps it range-bound.