BTC is testing the upper boundary of its descending channel at $78k+. While the momentum looks great, the next 48 hours are critical.Bitcoin is currently trading near $79,000, marking a significant recovery this month. After five months of sideways/downward action, thThe sentiment has shifted from "Extreme Fear" to "Cautious Optimism" (Fear & Greed Index at 46). Large "Shark" wallets (100–1,000 BTC) have been accumulating heavily, while some analysts warn of a potential "long-term" drawdown to $57k by late 2026 if the current cycle follows historical patterns. For now, the bulls are in control.

BTC-0,47%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin