đĄ Bitcoin Price Steadies Near $78,000 After Sharp SellâOff
Bitcoin has stabilized around $78,000 after a brutal weekend sellâoff, with traders now watching Fed policy shifts, U.S. dollar moves, and crypto regulation talks to gauge whether BTC can reclaim the $80,000 level.
Key Facts:
⢠After dipping below $75,000 â its lowest since April 2025 â Bitcoin rebounded and steadied near $78,000.
⢠The sellâoff was partly triggered by concerns over the nomination of Kevin Warsh as Fed chair and a stronger U.S. dollar â increasing the opportunity cost of holding nonâdollar assets like BTC.
⢠Crypto regulation talks between the U.S. administration and industry leaders helped lift sentiment slightly.
⢠Technical support around $75,000â$75,500 is holding, with resistance near $79,500â$80,000 the next key test for Bitcoin.
Expert Insight:
Bitcoinâs resilience above key support amid macroheadwinds suggests buyers are defending lower levels, but broader sentiment remains cautious until BTC convincingly breaks past $80,000 resistance.
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