Bitcoin (BTC) price holds key support as market eyes next move toward $80,000
CoinDesk
Bitcoin rebounded to $77,700 after securing support at $75,600, fueling optimism for an upcoming push toward the $80,000 milestone.Summary
Bitcoin has reclaimed the $75,600 price level as a key support zone, rebounding to approximately $77,700 and signaling renewed bullish momentum. While traders are optimistic about a potential move toward $80,000, market data shows a decline in futures open interest, suggesting a cautious period of de-risking among investors. Meanwhile, increased speculative activity in memecoins like DOGE and SHIB, combined with anticipation surrounding upcoming U.S. tech earnings, highlights a broader market focus on risk assets despite ongoing concerns in options markets regarding potential downside volatility.
(Source：CoinDesk)