$BTC Bitcoin's current price is $76,702.45, showing a 7% increase. The market is cautiously optimistic, with some traders eyeing a potential rebound. Key levels to watch are:
- *Support Levels*: $74,604.47 (24-hour low) and $74,773.26 (7-day low)
- *Resistance Levels*: $82,703.84 (24-hour high) and $87,106.01 (7-day high)
Influencing factors include ¹:
- *Global Market Trends*: Decoupling from traditional markets, with some analysts seeing a potential rebound
- *Inflation and Interest Rates*: US core PCE index rise suggests inflation isn't cooling fast enough for the Fed to cut rates soon
- *Tariff Fears*: US trade tariffs rattling crypto markets, pushing Bitcoin near $80,000
Expert insights:
- *Analyst Predictions*: Some see a strong buying opportunity, citing negative funding rates and improving global liquidity
- *Price Targets*: Geoff Kendrick, senior analyst at Standard Chartered, maintains a $500,000 price target for Bitcoin before President Trump leaves office
