Bitcoin preps highest weekly close since January as BTC price nears $79K
Bitcoin canceled out the week's earlier losses to tease the highest BTC price weekly candle close since the end of January near $79,000....
Key takeaways
- 1Bitcoin approached $79,000 for its highest weekly close since late January 2026.
- 2US spot Bitcoin ETFs saw nearly $630 million in inflows on Friday, supporting upside momentum.
- 3Traders warn of liquidity grabs potentially triggering price reversals before $86,000-$88,000 resistance levels.
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Why it matters
Bitcoin's strength near $79,000 signals potential upside toward $86K-$94K, but Indian retail investors should note US-Iran geopolitical tensions and liquidity risks could cause sharp reversals. ETF inflows indicate institutional confidence, yet technical warnings suggest caution before major moves.
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