Bitcoin drops after $78K pop, but ‘value investor’ keeps ‘hoovering up cheap’ BTC
Bitcoin’s rangebound trading carries on as bears defend $77,000 and bulls hold out near $74,000....
Key takeaways
- 1Bitcoin consolidated between $74,000 support and $77,000-$80,000 resistance for fourth consecutive week.
- 2A Bitcoin whale accumulated 450 BTC daily for 8.5 days using time-weighted average price strategy.
- 3Spot market buyers absorbed derivative-led selling pressure, reinforcing $74,000 support level.
Coins in this story
Why it matters
Bitcoin's consolidation near $74K-$78K range affects Indian retail investors' entry/exit strategies while institutional accumulation suggests ongoing confidence despite short-term price volatility and bearish technical signals.
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