Key Takeaways Bitcoin gained 24% in 7 days as ETF demand helped BTC punch above $79,000. Eric Balchunas said U.S. bitcoin ETFs pulled in nearly $2B last week. Bitcoin faces $79,406 resistance as the Fed’s September rate decision looms. Bitcoin Blasts Through $79,000 as Bulls Keep the Pedal Down Monday is shaping up as an extension of bitcoin’s sharpest weekly run in quite some time, and right now, bitcoin’s daily RSI (relative strength index) is flashing deeply overbought conditions in the 79–82 range, while the moving average convergence divergence (MACD) remains firmly bullish, with its line well above the signal …
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The analyst says a drop below $1,388 could undermine the technical setup behind the long-term bullish thesis. Ethereum (ETH) could reach $20,000 in the …
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