Bitcoin price prediction: $77,800 resistance in focus as BTC gains 2.07%

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Bitcoin gains 2.07% to $77,165.99 today

Highlights

US-listed spot Bitcoin ETFs saw $490 million in net outflows over three days, signaling reduced near-term institutional demand.
Key institutional players like BlackRock and MicroStrategy retain large holdings, helping maintain market stability despite recent withdrawals.
Technical signals are mixed; Bitcoin is likely to consolidate between $74,400 and $77,800 as momentum readings diverge and resistance persists.

Institutional outflows reshape near-term liquidity amid ETF stability

US-listed spot Bitcoin ETFs have recorded approximately $490 million in net outflows over the past three trading days, reflecting a pullback in institutional demand and shaping near-term liquidity conditions for Bitcoin. Despite this, spot Bitcoin ETFs still manage substantial assets, preserving institutional market exposure. Major holders such as BlackRock and MicroStrategy continue to maintain sizable positions, providing stability despite recent outflows.

Mixed momentum as near-term support and overbought signals converge

On the technical front, BTC is trading above the MA-20 at $75,850.99 and the MA-50 at $72,203.74, but remains below the MA-200 at $84,229.58. The Ichimoku Kijun level at $73,048.66 provides immediate support just below the current price. Among indicators, the MACD on the daily chart signals strong buying momentum, while the ADX indicates neutral trend strength. The RSI is moderately bullish at 55.61, whereas the Stoch RSI is in oversold territory — suggesting near-term rebound potential. Bull/Bear Power (BBP) points to an overbought condition and intraday buyer dominance, and the Awesome Oscillator is neutral, highlighting mixed momentum signals.

Consolidation likely as price tests immediate support and resistance

For the next five sessions, the expected price range is $74,400 to $77,800, consistent with typical volatility and ongoing price action. The baseline scenario calls for consolidation between immediate support and recent highs. A decisive move above $77,800 would open the way for an advance toward higher resistance, while a drop below $74,400 would confirm a bearish turn, increasing the risk of a deeper pullback.

Viktoras Karapetjanc, Traders Union expert, sees continued institutional backing for Bitcoin despite recent ETF outflows. He notes that key players like BlackRock and MicroStrategy are maintaining their large positions, which reinforces market stability. Short-term technical signals still favor the bulls, with support holding and the possibility of a momentum-led move higher. The analyst believes price consolidation offers a solid base for further growth. "With strong institutional footprints and resilient technicals, I expect Bitcoin to sustain upward momentum in the coming sessions."

Previously it was reported that U.S.-listed spot Bitcoin ETFs experienced notable outflows, reflecting a shift in institutional sentiment after a strong period of inflows. The current technical setup, marked by mixed momentum signals and major holders maintaining positions, suggests traders should monitor a potential breakout above $77,800 as a threshold for renewed upside momentum in the coming sessions.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.