Bitcoin Reclaims $77,500 and Sets Sights on $80,000
- —BTC trades at $77,612, up 1.11% in 24 hours, with volume of $112.56 billion
- —Price holds above the 50-day EMA at $77,080
- —MVRV Momentum Oscillator crossed above zero — a signal seen in 2012, 2016, 2019 and 2023
- —Nearest resistance is the Bollinger middle band at $78,444, then $80,000–80,970
Why it matters: Holding above $77,500 and the MVRV signal could confirm a trend reversal, but without a break above $80,000 the rally remains in question.
Source: TronWeekly