Bitcoin (BTC) Price: Analysts Say $83K Is Still in Play, But One Level Has to Hold First

TLDR

• Bitcoin is trading around $77,327, up 0.1% on the day but down over 3% for the week
• CryptoQuant says BTC must clear $81,700 to confirm a new bull market
• Resistance zones sit between $77,100–$80,200 and up to $88,700
• Spot Bitcoin ETFs saw $463 million in net outflows last week, ending a three-week inflow streak
• Bitcoin Suisse argues a 2.5% BTC allocation can lift traditional portfolio returns from 6.2% to 8.6%

Bitcoin is hovering around $77,327, up just 0.1% on Sunday but sitting on a weekly loss of more than 3%. Elevated interest rate expectations continue to weigh on price, making dollar-denominated assets more attractive by comparison.

CryptoQuant, the onchain analytics firm, says bitcoin’s 24% rally over the previous two weeks has stalled. The price has been ranging between $76,000 and $82,000 with no clear breakout in either direction.

Julio Moreno, CryptoQuant’s head of research, identified the key resistance zone between $77,100 and $80,200. Long-term holders sold as much as 539,000 BTC in that range over a 30-day period this year, making it the heaviest supply zone above current price.

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